Skip to comments.Study: U.S. Companies Pay Sixth-Highest Effective Corporate Tax Rate Worldwide; WaPo Buries Item
Posted on 04/15/2011 3:39:56 PM PDT by Nachum
Yesterday afternoon, the Bloomberg financial news service picked up on a study by PricewaterhouseCoopers showing that U.S. companies pay the sixth highest effective corporate tax rates in the world.
"The tax rate for the largest U.S. companies between 2006 and 2009 was 27.7 percent, compared with a non-U.S. average of 19.5 percent, according to the study," reporter Richard Rubin noted. "Excluding the U.S., companies based in industrialized countries had an average rate of 22.6 percent."
But when the Washington Post picked up the story, it condensed the 15-paragraph Bloomberg story to a two-sentence squib on the Economy & Business page on A17 (see screencap of print edition PDF below):
(Excerpt) Read more at newsbusters.org ...
Who did that study??
And they don’t pay any taxes in foreign communist countries. Uhuh. Sure.
Unless your GE ( you make billions and get billions in tax rebate just like all of Obama's voters.
Yes. The corporate rates in various countries will change, though, as the global debt regime continues toward defaults. So-called “austerity” programs will include tax hikes—even national sales taxes. ...insane.