U.S. Has the Highest Corporate Tax Rate
High federal and state corporate tax rates make it difficult for U.S. headquartered businesses to compete internationally. U.S. rates have been consistently higher than the average of industrialized nations. In April 2012, Japan reduced its corporate tax rate to 36.8 percent, making the U.S. total corporate tax rate the highest.
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COMBINED CORPORATE TAX RATES
Source: Organisation for Economic Co-operation and Development (OECD).