US Corporate Rate
CRS Report on Corporate Tax Rates
Jane Gravelle Senate Testimony
Above are links to important discussion related to the US Corporate income tax and why some feel that it is not vastly different, from an effective tax rate, than other countries even though the headline rate is among the very top. A big issue is accelerate depreciation, which is not the norm around the world but is a very big 'incentive' in the U.S. It is unclear at whether any capital decisions are made because of accelerated depreciation but there may be some demand pull in various on/off 'bonus' depreciation of the last decade. The question is whether this 'timing' issues ever economically reverses. More to come later...
Jane Gravelle Senate Testimony
Above are links to important discussion related to the US Corporate income tax and why some feel that it is not vastly different, from an effective tax rate, than other countries even though the headline rate is among the very top. A big issue is accelerate depreciation, which is not the norm around the world but is a very big 'incentive' in the U.S. It is unclear at whether any capital decisions are made because of accelerated depreciation but there may be some demand pull in various on/off 'bonus' depreciation of the last decade. The question is whether this 'timing' issues ever economically reverses. More to come later...
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