This from a new IMF study on how countries should boster their economies. This bit got my attention:
Reduction in corporate tax rates, dividends and capital gains taxes or introduction of special incentives such as accelerated depreciation … are likely to be ineffective given that business profits and capital gains are low, except possibly in countries with very high corporate rates (e.g., Japan); like all such tax changes, they are often difficult to reverse.
Me: Gosh, are there any other countries that immediately pop to mind that have high corporate tax rates? How about the country right behind Japan? That would be U.S., brother.
Joe C. of VA @ Dec 30, 2008 06:37:11 AM