September 21st, 2016 12:45 pm
Image of the Day: The U.S. Suffers Developed World’s Highest Corporate Tax Rate
Corporate inversions aren’t the problem, they’re the symptom. The problem, as Mercatus Ceneter’s Veronique de Rugy explains, is that “America’s corporate income tax rate is the highest of all developed nations.”
As de Rugy correctly concludes, “Addressing the underlying causes of inversions by reforming this tax system would not only stop inversions, it would also trim the burden on corporations, which would in turn help American companies compete better at home and abroad.”
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