The Tax Inversion Debate - Free Pfizer! Why Inversions
Are Good for the U.S.
Time to abolish the corporate income tax
Why abolishing the corporate income tax is good for
American workers
http://www.pbs.org/newshour/making-sense/abolishing-corporate-income-tax-good-american-workers/
Reforming Corporate Taxation Is a Bipartisan Issue
Veronique de Rugy notes:
“For several years
now, the United States has had the highest corporate income tax rate in the
developed world, with a national statutory corporate tax of 35 percent. The
United States also has the highest combined rate (39.2 percent) when the
federal rate and the average rate among the states are added. Japan used to
have the highest combined rate (39.8 percent), until it got it down to 36.8
percent in April 2012.
Even such high-tax
nations as France have lower rates. However, the real competition comes from
Canada (26.1 percent), Denmark (25 percent), the United Kingdom (20 percent)
and the many countries, such as Ireland (12.5 percent), with rates below 20
percent. Moreover, competition is intensifying. Last June, the U.K. announced
that it would cut its rate from 20 percent to 18 percent in the next five
years. It's now saying that it will lower the rate even further, to 17 percent.”