Thursday, May 29, 2008

We're Number 2!

According to The Tax Foundation, the United States now has the second highest corporate tax rate in the world, behind Japan.

The top ten:

Japan 39.5%
United States 39.3%
Italy 37.3%
Canada 36.1%
France 34.4%
Belgium 34.0%
New Zealand 33.0%
Spain 32.5%
Luxembourg 30.4%
Germany 30.0%

Unfortunately, the only talk I hear in this election year about corporate tax rates is how corporations aren't paying nearly enough. We'll see if the trend among European Union nations makes its way across the Atlantic.

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