July 25, 2007
Tax Foundation Releases Study on International Corporate Tax Rates
The Tax Foundation yesterday released a new study, U.S. Still Lagging Behind OECD Corporate Tax Trends, showing that the United States has the second-highest corporate tax rate in the OECD and is one of only two countries that have not reduced their rates since 1994 [click on chart to enlarge]:
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These types of reports always confuse me. A country's maximum corporate rate has got to be one of the most meaningless numbers in tax policy.
What's the tax base? What percentage of profits or income or revenue does a corporation pay? Any comparison that makes it look better to be taxed in Norway than the US ought to raise red flags.
Posted by: Joe | Jul 25, 2007 3:16:17 PM