>The US and Japan also share the distinction of having among the highest corporate tax rates on earth. This is an often-repeated myth that doesn't hold up when

>The US and Japan also share the distinction of having among the highest corporate tax rates on earth. This is an often-repeated myth that doesn't hold up when you consider the tax breaks afforded to corporations in the U.S. The corporate tax rate is high in number, but when you factor in exemptions, the U.S. is quite competitive in this regard. Reuters reported in 2013 that corporations utilized $180B in tax breaks. [0] [0] http://www.reuters.com/article/2013/04/15/us-usa-tax-corporate-breaks-idUSBRE93E18320130415 http://www.reuters.com/article/2013/04/15/us-usa-tax-corpora...