Monday, July 23, 2007

Treasury: U.S. business tax system falling behind

(Reuters) - Only Japan has a higher rate, at 40 percent, but it is
among a number of high-tax countries that have signaled they
intend to cut corporate rates.




The U.S. rate, which includes state taxes, compares with a
31 percent OECD average and 31 percent for China, and 32
percent for India and Mexico, according to the paper.


Read more at Reuters.com Bonds News

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