Charter Communications, Based In Stamford, Paid No Federal Income Tax For 2020
Stamford-based Charter Communications was billed $903 million in 2020 federal income taxes but the company did not pay any of it.
That’s according to a report from the nonprofit Institute on Taxation and Economic Policy. The report says the company ended up receiving a $7 million federal income-tax rebate instead.
This was done after the company postponed payments and used tax breaks to avoid paying any of those taxes last year.
Charter said in a statement to Hearst Connecticut Media that the “company's tax burden has decreased and pays income tax in most state and local jurisdictions.”