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


 

Chile to Raise Taxes in 2015 | Posted September 30, 2014 By Kyle Pomerleau
Entrepreneurship and a Pro-Growth Tax Code | Posted September 23, 2014 By Huaqun Li
More Jobs versus More Children | Posted August 21, 2014 By William McBride

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