True. I only challenged the statement on the tax rate. I also omitted
the fact that the corporate rate is actually higher, if they pass
profits to shareholders as dividends. You then get double taxing of
profits, 35% corporate, and then 15% on the dividends.
The point is, the trend in most countries is lowering their corporate
tax rate, especially due to the point you raised; at 10 to 15%, there is
far less incentive to play games in order to avoid it. And they are
finding greater compliance and greater revenues.
Roger D. Parish wrote:
At 11:56 AM -0400 8/20/08, Steve at Verizon wrote:
Not so. It is the highest in the industrialized world. See Wiki:
http://en.wikipedia.org/wiki/Tax_rates_around_the_world
and click on the Corporate column to sort
Forgot to add; the US Corporate tax rate is 35%, higher than all but
a few 3rd world countries in that list,
Ah, but how many ACTUALLY PAY that rate? Between tax deductions, tax
credits and tax deferments, I'll wager the effective rate is lots lower.
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