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Charter Communications, Based In Stamford, Paid No Federal Income Tax For 2020

Courtesy of Pixabay

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.”