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Verizon Communications Inc   (VZ)
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    Sector  Services    Industry Communications Services
   Industry Communications Services
   Sector  Services
 

Verizon Communications Inc 's Annual Effective Tax Rate

Five Year Trends




VZ Annual Effective Tax Rate

(Dec 31 2019)
(Dec 31 2018)
(Dec 31 2017)
(Dec 31 2016)
(Dec 31 2015)
Y / Y Annual Pre-Tax Income Growth 15.85 % -4.71 % -1.87 % -25.69 % 84.94 %
Y / Y Annual Income taxes expenses / -benefit Growth -17.83 % - - -25.21 % 197.68 %
Annual Effective Tax Rate 12.95 % 18.26 % - 35.16 % 34.93 %


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Annual Effective Tax Rate Comment
Verizon Communications Inc 's effective tax rate in (Dec 31 2019) decreased compare to previous year to 12.95 % from 18.26 % a year ago.
VZ payed income tax of $2945 millions of dollars in (Dec 31 2019) and $3584 millions one year before.



Companies with similar Annual Effective Tax Rate in the Fiscal Year ending Dec 31 2019, within Communications Services Industry Annual Effective Tax RateDec 31 2019 FY Annual Income taxes expenses / -benefitDec 31 2019 FY Annual Pre-Tax Income
Kt Corporation  31.40 %$ 297.656 $ 947.981 
Telephone And Data Systems Inc   30.33 %$ 64.000 $ 211.000 
Cogent Communications Holdings inc   28.77 %$ 15.154 $ 52.674 
Nuvera Communications Inc   28.43 %$ 3.309 $ 11.639 
United States Cellular Corporation  28.11 %$ 52.000 $ 185.000 
Gci Liberty Inc   27.36 %$ 730.023 $ 2,668.265 
Idt Corporation  27.15 %$ 0.123 $ 0.453 
Equinix Inc   26.76 %$ 185.352 $ 692.597 
Gci Llc  26.34 %$ 781.614 $ 2,967.326 
Qwest Corporation  25.97 %$ 641.000 $ 2,468.000 
Sk Telecom Co Ltd  25.86 %$ 279.663 $ 1,081.269 
Pldt Inc   25.56 %$ 161.396 $ 631.377 
China Mobile Ltd  24.87 %$ 5,248.287 $ 21,106.751 
T mobile Us Inc   24.66 %$ 1,135.000 $ 4,603.000 
Otelco Inc   23.49 %$ 2.393 $ 10.189 
China Telecom Corp Ltd  23.39 %$ 938.817 $ 4,014.549 
Shenandoah Telecommunications Company  22.67 %$ 16.104 $ 71.039 
Telefonica Brasil S a   21.79 %$ 1,393.521 $ 6,394.535 
Sba Communications Corporation  21.19 %$ 39.605 $ 186.889 
Tim Participacoes Sa  20.15 %$ 913.940 $ 4,536.067 
China Unicom hong Kong Ltd  19.75 %$ 402.000 $ 2,035.000 
Chunghwa Telecom Co Ltd   19.00 %$ 266.000 $ 1,400.000 
At and t Inc   18.91 %$ 3,493.000 $ 18,468.000 
Zayo Group Llc  14.43 %$ 25.300 $ 175.300 
Verizon Communications Inc   12.95 %$ 2,945.000 $ 22,733.000 
Globalstar Inc   3.43 %$ 0.545 $ 15.869 



       
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