Growth Dividend from a Lower Corporate Tax Rate V. 1

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1 Michael Shuyler, Growth Dividend from a Lower Corporate Tax Rate 1 (2013)

handle is hein.taxfoundation/srcaixz0001 and id is 1 raw text is: March 12, 2013
No. 208

The United States currently imposes the
highest statutory corporate tax rate in the
developed world. Contrary to what some
believe, studies show that even the effective
corporate tax rate in the United States is one of
the highest in the world. In a literature review
of thirteen credible, independent
studies that estimated effective tax rates using a
variety of data sources and methods, Philip
Dittmer reported that every study found the
U.S. effective corporate tax rate to be

substantially higher than the average in foreign
nations.' Across all thirteen studies, the U.S.
effective corporate tax rate exceeded the foreign
average by 7.6 percentage points, if all countries
are counted equally.2 The U.S. effective
corporate tax rate exceeded the foreign
average by 3.7 percentage points, if countries
are weighted by their gross domestic products
(GDP).
Many policymakers and economists believe the
steep rate discourages U.S. companies from
investing as much as they would otherwise and

1 Phlllp Dittmer, U.S. Corporations Su/ffer High Ltective lax Rates by International Standards, lAx _FOUNDATION SPECIAL REPORT No. 195 (Sept. 13, 2011), http://taxtoun
dation.org/article/us-corporations-suffer-high-effective-tax-rates-international-standards.
2 Id. at 3.