Countdown to Tax Day-- Day 7
Tax Fact of the Day
America is one of very few countries that still punishes its companies for investing profits earned overseas back home.
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Most developed countries have adopted territorial systems that allow active earnings to come back home with little or no tax. |
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And by the way, when profits come back the United States imposes the highest corporate tax rate in the developed world! Check out the rates of the other outliers with worldwide tax systems: |
Source: Tax Foundation, OECD |
