Taxing U.S. Multinational Corporations
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January 9, 2013 - 7:30am
Per an Congressional Budget Office Study: "At the national level, the corporate tax rate on income in the highest bracket in the United States is 35. When combined with state and local corporate taxes, that rate rises to 39 percent—higher than that in any of the other 34 member countries of the Organisation for Economic Co-operation and Development (OECD). (However, because of the graduated rate structure, deductions, credits, and other provisions, the average tax rates that corporations pay are generally below the top rate.) Weighted by gross domestic product (GDP), the average statutory rate among OECD countries in 2011, excluding the United States, was about 19 percent. "
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