Friday, November 05, 2010

U.S. Business Tax Rate LOWER Than China, India

According to a new report by Price Waterhouse Cooper, our effective business tax rate is 118th in the world!

Total effective tax rate
  • US : 46.3%
  • China:63.8%
  • India:64.7%
  • Brazil: 69.2%

This means that US businesses that relocate to India and China can't be going it to save taxes. They're doing it even though taxes are HIGHER.
Read for yourself. The relevant table is Table 14 startiong on page 86.

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