Countries Rush to Lower Corporate Tax Rates to Compete with the U.S.
- by Jimmy Sexton
- January 3rd, 2019
The U.S.’s 2017 tax reform lowered the U.S.’s corporate tax rate to 21%, one of the lowest amongst developed nations. This has sparked a global race to lowest corporate tax rate amongst developed nations.
Developed nations are now engaged in intense tax competition with one another in an attempt to attract businesses. This is great for businesses around the world!!!
Check out my rant about it here.