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I don’t have a source right now but I have heard that pre tax cut, the effective American rate was similar to the rest of the world for large corporations after
by marcell 9y ago
I don’t have a source right now but I have heard that pre tax cut, the effective American rate was similar to the rest of the world for large corporations after deductions. Smaller companies who were unable to deduct got higher rates. I’m not familiar with what the situation is now, after the cuts.
- vibrio 9y agoeach company is different, but your point is largely true. One can look the SEC filings to determine the ACUTAL rates payed by Apple, Nike,etc. There is a reason Nike's swoosh IP is held by a non-operating Ex-US entity in a complex accounting stunt. Yes, corporate taxes need to be simplified, but a race to the bottom of corporate rates will not end well for the US , Ireland or anyone.