U.S. Business Has High Tax Rates but Pays Less

By artappraiser on Wed, 05/04/2011 - 2:52am |

By David Kocieniewski, New York Times Business Day, May 2/3, 2011

The United States has the second-highest corporate tax rate in the world, but a myriad of loopholes make that no better than a sticker rate.

Also see:

Americans Favor Budget Cuts Over Raising Corporate Tax
By Marjorie Connelly, New York Times Business Day, May 2/3, 2011

While most Americans say corporations do not pay their fair share in taxes, they still prefer cuts in government spending to increasing taxes on corporations as a means of cutting the federal budget deficit, according to a recent New York Times/CBS News poll...

Note this is part of an intended series, described as follows:

But Nobody Pays That
A Wealth of Exceptions
Articles in this series will examine efforts by businesses to lower their taxes and the debate over how to improve the tax system.

URL:

http://www.nytimes.com/2011/05/03/business/economy/03rates.html?ref=todayspaper