These 11 companies have the lowest effective tax rate in the US

The Electronic Arts logo seen at the Electronic Entertainment Expo, or E3, in Los Angeles.

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The Electronic Arts logo seen at the Electronic Entertainment Expo, or E3, in Los Angeles.
source
Thomson Reuters

The Trump administration’s tax plan is once again at the forefront of the news cycle.

Framework for a tax plan released by the “Big Six” offers insight into the types of cuts the White House wants, including a lowering of the 35% corporate rate.

But some companies already pay significantly less than that, as seen by a list compiled by Credit Suisse analysts of the companies that pay the lowest tax rates in the US.

Here are the 13 companies with the lowest effective US tax rate, according to Credit Suisse.


11. XL Group

source
Markets Insider

Ticker: XL

Effective Tax Rate: 4.8%

Sector: Financials

Year-to-Date Performance: +7.66%

Source: Standard & Poor’s, FactSet, Credit Suisse


10. IHS Markit

source
Markets Insider

Ticker: INFO

Effective Tax Rate: 4.4%

Sector: Industrials

Year-to-Date Performance: +23.06%

Source: Standard & Poor’s, FactSet, Credit Suisse


9. Micron Technology

source
Markets Insider

Ticker: MU

Effective Tax Rate: 3.7%

Sector: Technology

Year-to-Date Performance: +79.68%

Source: Standard & Poor’s, FactSet, Credit Suisse


8. Extra Space Storage

source
Markets Insider

Ticker: EXR

Effective Tax Rate: 3.7%

Sector: REITs

Year-to-Date Performance: +7.56%

Source: Standard & Poor’s, FactSet, Credit Suisse


7. Host Hotel & Resorts

source
Markets Insider

Ticker: HST

Effective Tax Rate: 3.3%

Sector: REITs

Year-to-Date Performance: +24.79%

Source: Standard & Poor’s, FactSet, Credit Suisse


6. Becton, Dickinson and Company

source
Markets Insider

Ticker: BDX

Effective Tax Rate: 3.3%

Sector: Health Care

Year-to-Date Performance: +20.24%

Source: Standard & Poor’s, FactSet, Credit Suisse


5. Electronic Arts

source
Markets Insider

Ticker: EA

Effective Tax Rate: 2.9%

Sector: Technology

Year-to-Date Performance: +48.03%

Source: Standard & Poor’s, FactSet, Credit Suisse


4. Digital Realty Trust

source
Markets Insider

Ticker: DLR

Effective Tax Rate: 2.4%

Sector: REITs

Year-to-Date Performance: +23.38%

Source: Standard & Poor’s, FactSet, Credit Suisse


3. Pioneer Natural Resources

source
Markets Insider

Ticker: PXD

Effective Tax Rate: 2.3%

Sector: Energy

Year-to-Date Performance: -21.46%

Source: Standard & Poor’s, FactSet, Credit Suisse


2. Prologis

source
Markets Insider

Ticker: PLD

Effective Tax Rate: 2.3%

Sector: REITs

Year-to-Date Performance: +23.22%

Source: Standard & Poor’s, FactSet, Credit Suisse


1. Baxter International

source
Markets Insider

Ticker: BAX

Effective Tax Rate: 2.0%

Sector: Health Care

Year-to-Date Performance: +40.73%

Source: Standard & Poor’s, FactSet, Credit Suisse


SEE ALSO:

Here’s how you could end up owing more taxes under Trump’s plan