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1 Michael Shuyler, Growth Dividend from a Lower Corporate Tax Rate 1 (2013)

handle is hein.taxfoundation/srcaixz0001 and id is 1 raw text is: March 12, 2013 No. 208 The United States currently imposes the highest statutory corporate tax rate in the developed world. Contrary to what some believe, studies show that even the effective corporate tax rate in the United States is one of the highest in the world. In a literature review of thirteen credible, independent studies that estimated effective tax rates using a variety of data sources and methods, Philip Dittmer reported that every study found the U.S. effective corporate tax rate to be substantially higher than the average in foreign nations.' Across all thirteen studies, the U.S. effective corporate tax rate exceeded the foreign average by 7.6 percentage points, if all countries are counted equally.2 The U.S. effective corporate tax rate exceeded the foreign average by 3.7 percentage points, if countries are weighted by their gross domestic products (GDP). Many policymakers and economists believe the steep rate discourages U.S. companies from investing as much as they would otherwise and 1 Phlllp Dittmer, U.S. Corporations Su/ffer High Ltective lax Rates by International Standards, lAx _FOUNDATION SPECIAL REPORT No. 195 (Sept. 13, 2011), http://taxtoun dation.org/article/us-corporations-suffer-high-effective-tax-rates-international-standards. 2 Id. at 3.

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