richardhutnik said:
Nope. The effective rate is much lower. This is very likely due to tax breaks and structuring expenses to minimize tax. An argument a free market/conservative would argue against targeted tax breaks is that it represents a form of centralized planning on the economy which gets in the way of a market naturally organizing itself in the most optimal way. |
Who isn't argueing that?
Aside from which even if you consider effective tax rates.... Canada's is MUCH lower.
http://businessroundtable.org/uploads/studies-reports/downloads/Effective_Tax_Rate_Study.pdf
In general the rest of the world's approach seems to make corporate taxes a much smaller percentage of their revenue pie.
