Arianrhod
Gold Member
- Jul 24, 2015
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- #81
Another word: deflectionIn today’s globalized world, U.S. corporations are increasingly at a competitive disadvantage. They currently face the highest statutory corporate income tax rate in the world at 39.1 percent. This overall rate is a combination of our 35 percent federal rate and the average rate levied by U.S. states. Corporations headquartered in the 33 other industrialized countries that make up the Organization for Economic Cooperation and Development (OECD), however, face an average rate of 25 percent. Even corporations in high-tax European countries such as Belgium (34 percent), France (34.4 percent), and Sweden (22 percent) face much lower rates than those in the United States. Our largest trading partners—Canada, Japan, and the United Kingdom—have each cut their corporate tax rates over the past few years to become more competitive....we tax corporations harder than any civilized country in the world...
Proof?
The U.S. Has the Highest Corporate Income Tax Rate in the OECD
One word: Offshoring.
I accept your surrender.
So you actually believe major U.S. corporations pay their fair share of taxes?
When you fell off the turnip truck, did you hit your head?