How Would the U.S. Fare in March Madness?
March 20, 2013
In the spirit of March Madness, the Business Round Table put together a bracket of their own to “see how the U.S. fares in the global competitiveness challenge.” (Hint: The results don’t look great.)
The field of sixteen consists entirely of OECD countries, selected based on size of GDP and those with the highest tax rates. The countries were seeded based on GDP, with the U.S. taking the number one spot in a first round match-up against number 16 seeded Norway.
The winners of each match-up are determined by who has the lower combined corporate tax rate. I won’t share the results and spoil the fun – but with the highest corporate tax rate in the world, things look bleak for the U.S.
Click here to fill out your bracket.