sc94597 said:
Hong Kong and Singapore have no natural resources, populations similar to Nordic countries, and flat taxes of 17% and 20% respectively. They are city-states of course, but that creates unique problems in itself. Edit: Switzerland also has pretty low taxes. |
Not to mention that 35% - which is higher than the vast majority of nations - is merely the FEDERAL tax. State taxes can go as high as 12%. Meaning there are many states with a total corporate tax of over 40%