ExciteBiker might be right about the actual rate paid, but companies spend billions on tax expertise to winnow their rate down from 35 to 13. This takes away $ from R+D and other investments that are job creators. Wyden instead of looking for a quick temp solution, let’s recall the current tax act is essentially a collection of short-term fixes and special interest group reliefs, should do what Camp, Baucus and others have talked about for so long. Stop talking and get working. Tax reform requires more action. Less art and more matter as they saying goes.
“The U.S. corporate tax rate of 35 percent…”
Which of course is a complete joke, since the average effective corporate tax rate is closer to 13%.
ExciteBiker might be right about the actual rate paid, but companies spend billions on tax expertise to winnow their rate down from 35 to 13. This takes away $ from R+D and other investments that are job creators. Wyden instead of looking for a quick temp solution, let’s recall the current tax act is essentially a collection of short-term fixes and special interest group reliefs, should do what Camp, Baucus and others have talked about for so long. Stop talking and get working. Tax reform requires more action. Less art and more matter as they saying goes.