>...The US has the highest "statutory" tax rates but the lowest effective tax rates in the first world for business income. Lots of people claim this, but it d

>...The US has the highest "statutory" tax rates but the lowest effective tax rates in the first world for business income. Lots of people claim this, but it doesn't appear to be true: >...The U.S. effective corporate tax rate consistently ranks among the five highest of nations considered. The only nation with a higher ETR in each study is Japan, which not by coincidence is the only developed nation with a higher statutory rate than the U.S. Other major nations found to possess a higher ETR than the U.S. in at least one study include France, Italy, and Germany, but no clear patterns emerge; the U.S. outranks this sample more often than not. Significantly, both Italy and Germany have enacted rate cuts since many of these studies were conducted. https://files.taxfoundation.org/legacy/docs/sr195.pdf https://files.taxfoundation.org/legacy/docs/sr195.pdf