Only 4% Of S&P 100 Pays US Statuary Corporate Tax RateRupert Hargreaves
A cut to the headline rate of corporate tax is the cornerstone of President Trump's tax reform policy. The US has one of the highest rates of corporation tax at 38.9% (the federal rate combined with average state and local taxes) according to the OECD, compared to an OECD average of 24.1%
US lawmakers have proposed cutting the corporate tax rate to 20% from 35%, a change that is estimated to reduce federal revenues by $1.5 trillion over the next decade alone but is also expected to unlock billions in additional capital spending from companies . . .
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