Obama Corporate Tax Reform Still Leaves U.S. at Disadvantage, Business Groups Say
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“… the United States [is] in the uncompetitive position of having the highest statutory tax rate in the world, with a combined federal-state rate of about 40 percent.”
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U.S. Firms Move Abroad to Cut Taxes
http://online.wsj.com/article/SB10000872396390444230504577615232602107536.html
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INCREASING AMERICA’S COMPETITIVENESS BY LOWERING THE CORPORATE TAX RATE AND SIMPLIFYING THE TAX CODE
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“... income taxes are generally associated with lower economic growth than taxes on consumption and property… Corporate income taxes appear to have the most negative effect on GDP per capita.”
http://ideas.repec.org/p/oec/ecoaaa/643-en.html
– Jens Matthias Arnold, Ph.D.
[The Organization for Economic Cooperation and Development began after WWII as the managing agency of the Marshall Plan. Its headquarters remain in Paris, France.]
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“Over the last thirty years the U.S. has found it increasingly difficult to compete in the global economy because the playing field is not level, thanks in large part to [corporate tax] policies put in place by Democrats and Republicans alike.”
http://pajamasmedia.com/blog/business-coalition-seeks-reduction-in-corporate-taxes/?print=1
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WHY THE UNITED STATES NEEDS TO RESTRUCTURE THE CORPORATE INCOME TAX
http://mercatus.org/sites/default/files/publication/Corporate_tax_FichtnerTuszynski_WP1142.pdf
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“The seven fastest-growing countries in the OECD all have below-average corporate taxes and below-average personal income taxes on high-income earners.”
http://www.taxfoundation.org/publications/show/27959.html
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“…all of the countries with AAA-rated debt (as compared to the United States’ AA+-rated debt) already have lower corporate tax rates than the US does.”
http://www.americanthinker.com/blog/2011/08/democrats_ignore_aaa_countries_experience.html
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THE INCONSISTENCIES OF THE OBAMA CORPORATE TAX PLAN
http://www.manhattan-institute.org/pdf/ir_3.pdf
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“Spain’s corporate tax take has tumbled by almost two thirds from pre-crisis levels as small businesses fail and a growing number of big corporations seek profits abroad to compensate for the prolonged downturn at home.”
http://www.cnbc.com/id/49267996
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