A global corporate tax rate would weaken the global economy

A global corporate tax rate would weaken the global economy
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It’s lonely at the top. Prior to the passage of the 2017 Tax Cuts and Jobs Act, the U.S. had the highest corporate tax rate in the industrialized world. Prior to the Tax Cuts and Jobs Act, companies such as Burger King inverted and moved out of the country due to the sky-high tax burden. The Tax Cuts and Jobs Act slashed the corporate tax rate from 35% (nearly 40% with state corporate taxes) to 21%, spurring …

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