Among the issues most commonly discussed are individuality, the rights of the individual, the limits of legitimate government, morality, history, economics, government policy, science, business, education, health care, energy, and man-made global warming evaluations. My posts are aimed at intelligent and rational individuals, whose comments are very welcome.

"No matter how vast your knowledge or how modest, it is your own mind that has to acquire it." Ayn Rand

"Observe that the 'haves' are those who have freedom, and that it is freedom that the 'have-nots' have not." Ayn Rand

"The virtue involved in helping those one loves is not 'selflessness' or 'sacrifice', but integrity." Ayn Rand

For "a human being, the question 'to be or not to be,' is the question 'to think or not to think.'" Ayn Rand
Showing posts with label countries. Show all posts
Showing posts with label countries. Show all posts

13 September 2008

Corporate Tax Rates by Country

To see how much higher US corporate tax rates are compared to those in other countries, one should read this report. Here is a list of some corporate rates (in %) by country as of 2007:

Japan 39.5%
United States 39.3
Germany 38.9
Italy 37.3
Canada 36.1
France 34.4
Belgium 34.0
New Zealand 33.0
Spain 32.5
Luxembourg 30.4
Australia 30.0
United Kingdom 30.0
Denmark 28.0
Norway 28.0
Sweden 28.0
Mexico 28.0
Korea 27.4
Finland 26.0
Netherlands 25.5
Greece 25.0
Portugal 25.0
Austria 25.0
Czech Republic 24.0
Switzerland 21.3
Turkey 20.0
Poland 19.0
Slovak Republic 19.0
Iceland 18.0
Hungary 16.0
Ireland 12.5

Bravo for Ireland, which is enjoying a very high rate of economic growth! All of these countries reduced the corporate tax rate in either 2006 or 2007, except the United States, New Zealand, the United Kingdom, Norway, and Sweden.

It sure is a good thing American workers are so productive. If we were not, we would be hearing a giant sucking sound as all of our jobs went overseas due to our very uncompetitive corporate tax rate.