The U.S. soon will have the highest corporate tax rate on the planet. So says Americans for Tax Reform, which tallied totals and consulted the calendar.
Japan lowers their corporate income tax rate from 39.5 to 35 percent on April 1, giving the U.S. “the dubious distinction of possessing the highest corporate income-tax rate in the developed world — a federal/state integrated rate of 39.2 percent,” says spokesman John Karch.
The average in the developed world is 25 percent. Six major trading partners — Canada, Mexico, the