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1 Jack M. Mintz & Duanjie Chen, U.S. Corporate Taxation: Prime for Reform 1 (2015)

handle is hein.taxfoundation/usctax0001 and id is 1 raw text is: 



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FOUNDATION

SPECIAL

REPORT
Feb. 2015
No. 228


U.S. Corporate Taxation:

Prime for Reform


By  Jack  M.   Mintz
    Director and Palmer
    Chair in Public Policy,
    School of Public
    Policy, University of
    Calgary


&  Duanjie   Chen
   Research Fellow,
   School of Public
   Policy, University of
   Calgary


Key  Findings

*  The United States has the second highest marginal effective tax rate on
   corporate investment in the developed world at 35.3 percent-behind only
   France.

 * While the U.S.'s marginal effective tax rate has remained stagnant around
   35 percent over the last 10 years, the average marginal effective tax rate
   on corporate investment has fallen by 2.9 percent in the OECD and 6.8
   percent in the G7.

 * Since 2005, 63 countries have cut their statutory corporate tax rate,
   lowering the average statutory tax rate to 24.4 percent across the 95
   countries surveyed. Meanwhile, the U.S. corporate tax rate has remained
   stagnant at above 39 percent.

 * The lack of U.S. corporate tax competitiveness reduces investment and
   economic growth, undermines productivity, and encourages companies to
   move  business to other countries.

 * Options to reform the U.S. corporate tax code include: reducing the top
   rate to 25 percent, limiting tax preferences, moving to a territorial tax
   system, and improving the integration of the individual and corporate tax
   codes.


*We are indebted to Will McBride of the Tax Foundation for his helpful comments in preparation of this paper.

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