TAX­ING SIT­U­A­TION

The Washington Times Daily - - Politics -

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

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