CompeteUSA

Welcome to the Tax Foundation’s CompeteUSA project.

Our goal is to raise the public’s awareness of America’s high business taxes and how the U.S. corporate tax system is affecting our competitiveness, wages, and living standards. Just 20 years ago, the U.S. led the world in cutting business taxes to make our economy more conducive to job creation. However, over the past two decades, the majority of our major trading partners have been moving toward a fundamentally different model of taxing business income. The basic tenets of this new model are lower tax rates and the exemption of foreign earnings.

The U.S. remains far behind on both of these trends. Not only do we have the highest overall corporate tax rate among the leading industrialized nations at over 39 percent, but we are one of the few remaining countries to tax on a worldwide basis.

The U.S. will continue to lose ground globally until we dramatically cut the corporate rate and move to a territorial system of taxing foreign corporate earnings.

Featured Video


 

Some Charts for Tax Day | Posted April 15, 2014 By Andrew Lundeen
Sayonara Jim Beam | Posted January 13, 2014 By William McBride
Baucus Goes to China | Posted December 19, 2013 By William McBride
OECD Corporate Income Tax Rates, 1981-2013 | Posted December 18, 2013

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