PwC: U.S. Companies Pay World’s 6th-Highest Effective Tax Rate

The Business Roundtable engaged PricewaterhouseCoopers to examine global effective tax rates of U.S.- and foreign-headquartered companies for 2006-09:

PwC calculated and compared effective tax rates by country for the 2,000 largest companies in the world as ranked by the 2010 Forbes Global 2000 list. The data for the study are from company financial statements as reported in the S&P Global Vantage database.

Companies headquartered in the United States faced an average effective tax rate of 27.7%compared to a rate of 19.5% for their foreign-headquartered counterparts. By country, U.S.-headquartered companies faced a higher worldwide effective tax rate than their counterparts headquartered in 53 of the 58 foreign countries.

 

• Bloomberg, U.S. Companies Pay World’s Sixth-Highest Tax Rate, Study Finds
• Citizens for Tax Justice, Business Roundtable Report on Effective Tax Rates Is Hogwash
• The Hill, Study: US Corporations Face Comparatively High Taxes
• New York Times, A Misleading View on Corporate Taxes
• Reuters, Companies: Drowning in Taxes or Artful Dodgers?
• Wall Street Journal, Business Roundtable: We Pay Enough Taxes, Thank You