Nike Paid Zero Federal Income Tax in the Last Three Years

Nike hasn't paid any Federal Income Tax in the last three years, even though it's made about $4.1 billion USD in profits over that period. According to New York Times, the American footwear giant was just one among several corporations who were able to avoid paying federal income taxes, legally. "This continues a decades-long trend of corporate tax avoidance by the biggest U.S. corporations," notes ITEP (The Institute of Taxation and Economic Policy). "The tax-avoiding companies represent variou...