General Discussion

badtoworse

(5,957 posts)

14. So other countries don't have tax deductions as well?

Tue Jul 30, 2013, 07:31 AM

Jul 2013

Even allowing for that, we're still high. Here are some global averages according to KPMG

United States - 40%
Global Average - 24.05%
Europe - 20.6%
Asia - 22.36%
North America - 33%
Latin America - 27.61%
Africa - 28.63%

http://www.kpmg.com/Global/en/services/Tax/tax-tools-and-resources/Pages/corporate-tax-rates-table.aspx

Factor in lower labor costs and a more friendly regulatory environment elsewhere and it's no wonder the jobs have left.

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Highlight:

Obama to Offer New Deal on Corporate Taxes, Jobs (lowering corporate tax rate) [View all] cali Jul 2013 OP

and he trusts the Republicans to keep their theaocp Jul 2013 #1

Robbing Peter to pay Paul Ichingcarpenter Jul 2013 #2

Lowering corporate tax rates again? TBF Jul 2013 #3

He is negotiating with himself nt Teamster Jeff Jul 2013 #4

Finally, Obama is seeing the light on corporate tax rates badtoworse Jul 2013 #5

Please provide evidence to back your claims. There's a lot published that says you're wrong. Scuba Jul 2013 #6

See link below. badtoworse Jul 2013 #7

See Buns of Fire's post below. Scuba Jul 2013 #12

See my response badtoworse Jul 2013 #15

Nonsense. Corp tax rates the lowest in decades. n/t ms liberty Jul 2013 #8

I agree Duckhunter935 Jul 2013 #9

There's a difference, though, between the statutory rate and the effective rate: Buns_of_Fire Jul 2013 #10

So other countries don't have tax deductions as well? badtoworse Jul 2013 #14

I don't know why you are trying to John2 Jul 2013 #22

I remember McCain and other Republicans touting Ireland's low corporate tax rate. W_HAMILTON Jul 2013 #24

The people paying John2 Jul 2013 #31

What an erudite response. badtoworse Jul 2013 #27

No, it is John2 Jul 2013 #36

Are you serious? badtoworse Jul 2013 #38

Teh Stupid, It Burns.... Jeff In Milwaukee Jul 2013 #26

By continent 2011..lower labor costs..2$ per day .and NO regulations at ALL angstlessk Jul 2013 #45

No. Companies want to pay slave wages, and can do so in Thailand, Ecuador, Nicaragua, Mexico, ...... WinkyDink Jul 2013 #19

You're right. What other explanation could there be? badtoworse Jul 2013 #21

None that you'll posit. WinkyDink Jul 2013 #44

Corporate tax rates are too damn high! Capt. Obvious Jul 2013 #23

Corporate taxes have fallen from 26% of Federal revenues to 10% LondonReign2 Jul 2013 #29

Cut corporate tax rates? Another Republican proposal from a self-described Broward Jul 2013 #11

Exactly, and John2 Jul 2013 #25

Not until we get a decent Congress. The current Congress could not wipe it's butt correctly. nt bemildred Jul 2013 #13

But they are so good at licking them, ChairmanAgnostic Jul 2013 #16

How about reducing CIA travel money to 3 stars instead of 5 stars? Pholus Jul 2013 #17

"Job creation PROPOSALS"? Oh, now THERE'S something with real teeth! Bwahahahaha! WinkyDink Jul 2013 #18

Sounds like classic "Popeye/Wimpy" strategy to me - the Pukes bullwinkle428 Jul 2013 #20

Newsflash: Obama (R) is going to screw over the people who voted for him again. PowerToThePeople Jul 2013 #28

Keep in mind mick063 Jul 2013 #30

It's not as radical ProSense Jul 2013 #32

Wonder if Wyden will get thrown under the bus for those. JoePhilly Jul 2013 #35

"I'd like to see the details." Translation: I haven't got my talking points yet. DesMoinesDem Jul 2013 #40

Am I the only one here who thinks the phrase "New Deal", as used in that headline.... beerandjesus Jul 2013 #33

Because it's worked so well before. gtar100 Jul 2013 #34

Sold Out yet again FreakinDJ Jul 2013 #37

More permanent corporate rule in exchange for another temporary gesture. Egalitarian Thug Jul 2013 #39

Yes indeedy! Safetykitten Jul 2013 #41

Yessir BrotherIvan Jul 2013 #42

Investors get what they pay for. nt raouldukelives Jul 2013 #43