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Keyword: corporatetaxrate

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  • Medtronic to buy Covidien for $42.9 billion, rebase in Ireland

    06/16/2014 9:28:21 AM PDT · by kidd · 15 replies
    MSN Money ^ | June 16, 2014 | Susan Kelly and Greg Roumeliotis
    U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad. While the deal will allow Medtronic to reduce its overall global tax burden, the Minneapolis-based company said it was driven by a complementary strategy with Covidien on medical technology rather than tax considerations
  • Can You Name the One Nation in the World with a Higher Corporate Tax Rate than the United States?

    05/01/2013 10:03:44 AM PDT · by Kaslin · 133 replies ^ | May 1, 2013 | Daniel J. Mitchell
    I’ve made the point before that the United States foolishly imposes the highest corporate tax rate of all developed nations. But that obviously means it is theoretically possible for there to be a nation in the developing world that has a higher corporate tax rates. Well, according to this map produced by the Financial Times, there is one nation with a worse corporate tax regime. It’s not China, which is nominally still a communist nation (though apparently with more of a pro-business mentality than the United States). It’s not Venezuela or Argentina, corrupt and thuggish Latin American nations. And it’s...
  • Obama Offers to Cut Corporate Tax Rate to 28%

    02/22/2012 3:07:35 AM PST · by SoFloFreeper · 27 replies · 2+ views
    ny slimes ^ | 2/22/2012 | Jackie Calmes
    President Obama will ask Congress to scrub the corporate tax code of dozens of loopholes and subsidies to reduce the top rate to 28 percent, down from 35 percent, while giving preferences to manufacturers that would set their maximum effective rate at 25 percent, a senior administration official said on Tuesday.
  • What Sam Walton Learned Selling Panties Could Save America's Economy

    05/11/2009 9:16:31 AM PDT · by Bodhi1 · 28 replies · 1,603+ views
    American Issues Project ^ | 5/11/09 | Duane Lester
    What does selling panties have to do with corporate income tax rates? Sam understood that if it cost a customer less to do business with you than a competitor, you would attract a lot of customers. The United States can apply the Wal-Mart strategy and achieve the same results. According to The Tax Foundation, the "average combined federal and state corporate tax rate in the U.S. is 39.3 percent, second among OECD countries to Japan's combined rate of 39.5 percent." It costs a company in America more in taxes than almost anywhere else. That doesn't make the U.S. very attractive...
  • Comparing International Corp. Tax Rates: U.S. Corp. Tax Rate Increasingly Out of Line(Obama Lied)

    09/27/2008 8:19:23 AM PDT · by gusopol3 · 13 replies · 1,056+ views
    Tax Foundation ^ | August 28, 2008 | Robert Carroll
    Comparing International Corporate Tax Rates: U.S. Corporate Tax Rate Increasingly Out of Line by Various Measures by Robert Carroll Fiscal Fact No.143 The U.S. has left the major features of its business tax system unchanged over the past fifteen years. Meanwhile, other countries have been changing theirs, potentially hurting the competitiveness of the United States. Perhaps most emblematic of the trend abroad is lower corporate tax rates in virtually all developed nations. As a result, the United States now has the second-highest statutory tax rate among OECD member nations. Figure 1 below tells this story: The U.S. became a low-tax...