It clearly makes the case that the US is non-competitive with other G20 nations on the corporate tax rate. The US average corporate income tax rate for 2012, was 29%. In Canada it was 16%; Brazil 22%; China 19%; UK 10%; Germany 14.5%; Australia 17%; South Korea 20%; France 20%. How much more non-competitive can the US get exactly?
And when it comes to the OECD, the US is once again far from competitive:
"The most recent estimate comes from the World Bank and International Finance Commission, which put the United States’ effective rate for 2014 at 27.9 percent. That’s second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."
"For tax year 2010 (the most recent information available), profitable U.S. corporations that filed a Schedule M-3 paid U.S. federal income taxes amounting to about 13 percent of the pretax worldwide income that they reported in their financial statements"
The most authoritative, recent report on the matter by the CBO:
https://www.cbo.gov/sites/default/files/115th-congress-2017-...
It clearly makes the case that the US is non-competitive with other G20 nations on the corporate tax rate. The US average corporate income tax rate for 2012, was 29%. In Canada it was 16%; Brazil 22%; China 19%; UK 10%; Germany 14.5%; Australia 17%; South Korea 20%; France 20%. How much more non-competitive can the US get exactly?
And when it comes to the OECD, the US is once again far from competitive:
"The most recent estimate comes from the World Bank and International Finance Commission, which put the United States’ effective rate for 2014 at 27.9 percent. That’s second-highest behind New Zealand among OECD countries and 15th-highest among the 189 countries measured."
http://www.politifact.com/punditfact/statements/2014/sep/09/...