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« Quotational Therapy: Part 110 -- A New UberSocialist In The Senate. | WILLisms.com | FINAL PUSH: Stir Your Phone Into Triumphant Action. »

Trivia Tidbit Of The Day: Part 371 -- We Still Need Major Tax Reform.

Tax Cuts In 2003 Were Nice, But We Need To Advance The Ball-

The world is getting smaller.

Ever since the fall of the Soviet Union, countries around the world have moved to gain a competitive advantage for their business communities, by lowering their corporate tax rates. It's one of the better ways to fight "outsourcing" (offshoring) of jobs.

And it makes sense. Everything else being equal, lower taxes will attract and retain corporations and other large engines of commerce and industry.

Just look at the falling rates (.pdf):


Sure, we in the U.S. have seen similar trends in other tax categories, but when it comes to corporate taxes, our trend is similar to that of France (.pdf):


That is to say, our trend is flat, which is not in line with the global trend. Our corporate tax rate is the same as it was in the early 1990s.

We need to be the low tax beacon for the world. In every tax category. That's the path to attracting and retaining more and better jobs, growing our economy, and remaining the greatest country on the face of the planet.

Source: KPMG's Corporate Tax Rate Survey (.pdf).


Previous Trivia Tidbit: A Huge Difference On Spending.

Posted by Will Franklin · 6 November 2006 03:02 PM


I love this blog!...

Posted by: zsa zsa at November 6, 2006 03:31 PM

Why don't democrats here understand this? The liberals in Europe are getting it(finally). Capitalism works. Competition works. Lower corporate tax rates mean more investment.

EU countries also have sensible limits to debt (60% of GDP) and deficits (3% of GDP). Those are much more reasonable measures than the fear mongering we currently get from both parties here about the debt/deficit in the US.

Europe, while wrong on so many things, does do some things right.

Posted by: John in IL at November 6, 2006 09:38 PM