US Multinationals Pay a lot of Tax

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Taxes: U.S. Multinationals Paid An Average 27.7% Effective Rate As Compared To 19.5% For Their Foreign Competitors

That's according to a Business Roundtable commissioned study by PricewaterhouseCoopers LLC of 2006 through 2009 financial data from the S&P Global Vantage database for the 2,000 largest world companies listed by Forbes. That's quite a gap for U.S. headquartered firms to make up versus their competitors in 58 countries, but it ranks 6th in effective tax rates behind Japan, Morocco, Italy, Indonesia, and Germany. ...

The U.S. is almost alone in taxing worldwide income of U.S. headquartered firms and in deferring tax on overseas income until it is repatriated, greatly complicating international comparisons. Breaking out domestic effective tax rates from foreign effective tax rates would provide more interesting comparisons. The study also carefully avoided identifying or quantifying how many U.S. firms paid little or no tax in one or more of these years.

Taxes: U.S. Multinationals Paid An Average 27.7% Effective Rate As Compared To 19.5% For Their Foreign Competitors | Capital Gains and Games