Would Corporations Feel Effects of Higher Tax Rate?

Tuesday, May 03, 2011

The United States could soon have the highest corporate tax rate in the world, however with the large number of tax breaks and loopholes, corporations will likely continue to pay less taxes than their international counterparts. Wall Street and finance reporter for The New York Times, Louise Story reports on whether changes will come to the U.S. tax code.

Currently the corporate tax rate is 35 percent in the United States with Japan being the only country to top that rate, at 39.5 percent. However, as Washington grapples with the deficit, there is discussion as to whether spending cuts need to be accompanied by tax increases.


Louise Story

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.