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Keyword: corporatetaxrate

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  • 4 Of The Biggest Myths About The Tax Cuts And Jobs Act

    12/20/2017 9:39:57 AM PST · by Kaslin · 37 replies
    The Federalist ^ | December 20, 2017 | Justin Haskins
    The Tax Cuts and Jobs Act cuts rates for most tax brackets, substantially reduces business taxes, increases the standard deduction, and eliminates many tax loopholes and deductions. Congress passed historic, far-reaching tax reform legislation this week, and President Donald Trump is expected to sign it into law soon after some technical fixes. The Tax Cuts and Jobs Act cuts rates for most tax brackets, substantially reduces corporate and small business taxes, increases the standard deduction for individuals and couples, and eliminates many tax loopholes and deductions.Since Republicans first rolled out their plan to implement tax reform, liberal pundits and Democrats...
  • Donald Trump: The 'Fascist' Who Cuts Taxes And Deregulates (Whose policies are closer to Nazis?)

    08/23/2017 1:59:39 PM PDT · by SeekAndFind · 5 replies
    IBD ^ | 08/23/2017 | Kerry Jackson
    Evverybody knows by now that President Trump is a fascist. He's a Nazi just like the white supremacists who marched in Charlottesville, Va., on Aug. 12. We know this because the mainstream media, a host of dimwit celebrities, various Democratic politicians and the highly reputable antifa tell us he is. What we really know, though, is these groups don't know anything except how to shriek louder and longer than everyone else. A few also well know how to break other people's property and set things that don't belong to them on fire. But they don't know their history, and therefore...
  • Trump Wants Tax Plan to Cut Corporate Rate to 15%

    04/24/2017 12:13:39 PM PDT · by GIdget2004 · 63 replies ^ | 04/24/2017 | Michael Bender, Richard Rubin
    Link only
  • 39.1%: CBO Says U.S. Has Highest Top Statutory Corporate Tax Rate in G20

    03/10/2017 4:06:25 AM PST · by Olog-hai · 8 replies
    Cybercast News Service ^ | March 9, 2017 | 9:36 AM EST | Terence P. Jeffrey
    The United States has the highest top statutory corporate tax rate—39.1%—of any nation in the G20, according to a study released Wednesday by the Congressional Budget Office. That rate is nearly twice as high as the 20-percent rate in Russia, which, along with Saudi Arabia and Turkey, has the lowest statutory corporate tax rate in the G20. The U.S. won the top spot on the statutory-corporate-tax-rate list after Japan and Germany, which formerly ranked first and second, cut their rates. “The United States made no change in federal corporate tax rates between 2003 and 2012,” said the CBO, “and by...
  • German paper accuses UK of offshore tax haven threat

    01/15/2017 9:48:58 PM PST · by Olog-hai · 3 replies ^ | 15 January 2017 21:55 CET+01:00 | AFP/The Local
    Germany’s Welt Am Sonntag newspaper has accused British finance minister Phillip Hammond of threatening to drastically slash corporation tax to turn the UK into an offshore tax haven if it is not given a trade deal. In an interview with Hammond, headlined “British finance minister threatens EU partners”, the paper quotes Hammond saying that Britain could be forced to change its economic model if negotiations went badly. “The British people are not going to lie down and say, ‘too bad’,” he said, when asked if the UK could slash corporation taxes. “If we have no access to the European market,...
  • Kenny plans to cut tax for low-middle earners below 50% (Ireland PM)

    09/19/2015 10:00:28 PM PDT · by Olog-hai · 3 replies
    Irish Times ^ | Thu, Sep 17, 2015, 20:15 | Mark Hilliard
    Taoiseach Enda Kenny has said the Government will cut taxes to bring the overall rate for low and middle income earners below the 50 percent threshold. Outlining a broad approach to taxation reform, Mr. Kenny said the current 51 percent rate is penal and “bad for recovery”. […] “I am committing this evening that as part of the upcoming general election campaign, that Fine Gael will publish a detailed, fully costed five-year economic plan,” he said. […] Mr. Kenny also committed to “protect and further” Ireland’s often controversial corporate tax regime as well as publishing a “comprehensive multi-year capital plan...
  • 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...