U.S. Combined Tax Rates HIGHEST in Developed World
Despite the fact that April 1st was April Fool’s Day, Japan ceded to the United States a distinction that is no laughing matter: the highest combined statutory corporate tax rate (state, local, and federal) in the developed world.
The United States already resided in first place for its high federal statutory rate. But with Japan’s action to reduce its federal rate even lower, their combined rate is less than the United States’.