US is number one!

[jon_leonard]

Tax day seems like a good day to muse on the meaning of the US having the world's highest marginal corporate tax rate. Given the actual average rates paid, this means we have world-class-abuseable deductions, too. Saner tax policy would be a good thing.

Comments

[kirinn]

I have to admit I was slightly surprised by that factoid, though the table I looked up (from 2010) does show an awful lot of countries in the 30%-40% range. (And has UAE at 55%, but they're admittedly an economic outlier in many respects).

But regardless, I agree that closing many loopholes while lowering rates moderately would certainly be a good thing, given that hardly any corporation of any significant size actually pays anything close to the rates on the book.