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Thursday, 21st September 2006

US Business Tax Reform Would Be Healthy for the World Economy

US Business Tax Reform Would Be Healthy for the World Economy (PDF; 64 KB)
Source: C.D. Howe Institute
"The US and Canada share the spotlight with such countries as the Republic of Congo, China, Brazil and Germany in having some of the highest effective tax rates on capital among 81 developed and developing countries, says an e-brief released today. The e-brief, 'US Business Tax Reform Would Be Healthy for the World Economy,' notes that the US ranks among the most heavily burdened, with an effective tax rate on capital above its neighbours – high-tax Canada at 36.6 percent and low-tax Mexico at 13.8 percent. The study is co-authored by Jack M. Mintz, Professor of Business Economics, Rotman School of Management at the University of Toronto and Fellow-in-Residence at the C.D. Howe Institute and Duanjie Chen, George Weston Tax Analyst at the Institute."


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