What are the ways banks such as JPMorgan Chase use to pay less tax?
They have tax lawyers who read the tax code and pay what that requires would be my guess.
And what do you mean by, “Pay less tax,” anyway? Less tax than some entity that pays more tax? Less tax than you pay? Less tax than you read somewhere on the net than they should be paying?
Work on your question and get back to us.
In 2011, JP Morgan Chase paid $7.8 Billion in income taxes, so, as Sandyhook, said, you probably need to clarify what you mean.