Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in debt service payments due on Wednesday. This announcement follows over a year...
- OECD Nations Continue Cutting Corporate Tax Rates While U...
OECD Nations Continue Cutting Corporate Tax Rates While U.S. Stands Still (Federal Plus Provincial/State Corporate Tax Rates for OECD Countries, 2008-2009)
August 03, 2009
Key Findings Policymakers are currently focused on revenue neutral corporate tax reform to bring down the high U.S. statutory corporate tax rate. Corporate-only tax reform leaves out nearly 95 percent of all businesses from tax reform....
Levied in 44 states, corporate income taxes account for a relatively small share of state revenue—5.2 percent of state tax collections and just over 2 percent of all state revenue, including federal transfers. Top rates range from a low of...
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