'U.S. Corporate Taxes Now 50 Percent Higher Than OECD Average'

Amid rising concerns about the state of the U.S. economy, new data compiled by economists at the
OECD shows that for the 17th consecutive year the average rate of corporate taxes in non-U.S.
countries fell while the U.S. corporate tax rate stayed the same. As a result, the overall U.S.
corporate tax rate is now 50 percent higher than the OECD average.

The U.S. continues to have the second-highest combined federal-state corporate tax rate among
industrialized countries at 39.3 percent. Only Japan has a higher overall corporate tax rate at 39.5
percent. By contrast, the average corporate tax rate among OECD countries has fallen a full
percentage point in the past year, from 27.6 percent to 26.6 percent. Ireland's 12.5 percent corporate
tax rate remains the lowest among OECD nations.