Friday, August 11, 2017

More facts on US corp tax rates

This recent article shows that despite the statutory tax rate the US effective corp tax rate is more like 18%. And even that is misleading, since the US has a larger GDP than many of the countries on the list. The US rate is only 2.2% of GDP while the OECD average is 2.8%. And then of course there are the loopholes discussed earlier, that give some corps a complete tax break.

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