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Those Gruelling U.S. Tax Rates A Global Perspective Cato Liberty
The poor showing of the U.S. resulted from other countries recognizing the need to improve their competitive position in an increasingly globalized world. Indeed, the only OECD member countries not to have cut their corporate tax rates since the onset of the new millennia are Chile, Norway, and, yes, the United States. The high U.S. corporate tax rate not only raises the cost of doing business in the U.S., but also overseas. The U.S., along with just 5 other OECD countries, imposes a “global tax” on profits earned overseas by domestically-owned businesses.
(We're at 126th. Great, huh?)
The fact that both the ITCI and Doing Business report, whose methodologies and calculations were conducted independent of one another, rank the United States very low shows that the tax rates in this country are non-neutral and uncompetitive, no matter how they are measured.
dimocraps lie
period