Inversions Will Continue Until Lawmakers Fix America’s Competitiveness Problem
|09/23/2016||Posted by BusinessMediaguide.Com under General World News||
America has the highest corporate tax rate in the developed world. We do not possess “one of the highest” corporate rates. Our corporate rate is number one.
Our combined federal and state tax rate is more than 39 percent. China taxes businesses at a rate of 17 percent. The European average is 25 percent. The United Kingdom is 20 percent. Ireland is just 12.5 percent. It is often nice to be the biggest or largest, but not when the issue is “who has the highest tax rate?”
America is also one of the few countries with a worldwide taxation system read more >>>