January 6, 2010

Richard T. Page of Tulane Law School: Corporate Income Taxes

The combined federal and average state corporate income tax rate of nearly 40 percent in the United States is the second-highest among industrialized nations. This week's Tax Policy Podcast features Richard T. Page, who recently authored a note in the Tulane Journal of International and Comparative Law examining international trends in corporate income, personal income and estate taxes. In order for the United States to remain internationally competitive, Page argues, the federal corporate income tax rate should be lowered from 35 percent to 12.5 percent. This would match Ireland with the lowest rate among developed countries and send "a very loud signal to the world that the U.S. is back in business and that it's time for this recession to come to an end," Page says.

More on corporate taxes is available here.

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