Under the U.S. House’s proposed tax plan, the U.S. would tax corporate income at the third-highest integrated rate among developed nations, at an average of 56.6%. That’s according to the non-partisan Tax Foundation, which says the integrated rate reflects the corporate income tax, as well as the shareholder-level capital gains and qualified dividends tax. Only South Korea and Ireland would have higher rates than the U.S, the Foundation says. The average integrated rate in the developed world, excluding the U.S., is 41.4%. 9/30/2021
Study: U.S. Corporate Income Faces Third-Highest Integrated Tax Rate in Developed World
10/01/2021