Tilted
..
According to the OECD, these are the combined corporate tax rates of its 30 member nations.
Japan 39.54
United States 39.25
France 34.43
Belgium 33.99
Canada 33.50
Luxembourg 30.38
Germany 30.18
Australia 30.00
New Zealand 30.00
Mexico 28.00
Spain 30.00
Norway 28.00
Sweden 28.00
United Kingdom 28.00
Italy 27.50
Korea 27.50
Portugal 26.50
Finland 26.00
Netherlands 25.50
Austria 25.00
Denmark 25.00
Greece 25.00
Switzerland 21.17
Czech Republic 21.00
Hungary 20.00
Turkey 20.00
Poland 19.00
Slovak Republic 19.00
Iceland 15.00
Ireland 12.50
As I suggested in a different thread, the U.S. has traditionally had several advantages which created an appealing landscape for business activity - a fundamental source of our society's prosperity. Those advantages allowed us to get away with these comparatively high tax rates, and remain the epicenter of global business.
We are rapidly losing those advantages - especially of late (the systemic advantages, rule or law and contract integrity, are currently on the verge of caving under the immense pressure of modern social and political agendas). As a result, maintaining these high rates will become increasingly problematic. Corporate taxes, as well as capital gains taxes, are particularly heinous - they stifle the mechanisms which create relative prosperity for us all.
Japan 39.54
United States 39.25
France 34.43
Belgium 33.99
Canada 33.50
Luxembourg 30.38
Germany 30.18
Australia 30.00
New Zealand 30.00
Mexico 28.00
Spain 30.00
Norway 28.00
Sweden 28.00
United Kingdom 28.00
Italy 27.50
Korea 27.50
Portugal 26.50
Finland 26.00
Netherlands 25.50
Austria 25.00
Denmark 25.00
Greece 25.00
Switzerland 21.17
Czech Republic 21.00
Hungary 20.00
Turkey 20.00
Poland 19.00
Slovak Republic 19.00
Iceland 15.00
Ireland 12.50
As I suggested in a different thread, the U.S. has traditionally had several advantages which created an appealing landscape for business activity - a fundamental source of our society's prosperity. Those advantages allowed us to get away with these comparatively high tax rates, and remain the epicenter of global business.
We are rapidly losing those advantages - especially of late (the systemic advantages, rule or law and contract integrity, are currently on the verge of caving under the immense pressure of modern social and political agendas). As a result, maintaining these high rates will become increasingly problematic. Corporate taxes, as well as capital gains taxes, are particularly heinous - they stifle the mechanisms which create relative prosperity for us all.