TaxProf Blog: U.S. Corporate Tax Rate Is 2nd Highest in Industrialized WorldThe Tax Foundation has released U.S. Lags While Competitors Accelerate Corporate Income Tax Reform:
New data from the Organization for Economic Cooperation and Development (OECD) shows that the U.S. corporate tax rate has fallen even further out of step with the rest of the industrialized world as countries such as Canada, the Czech Republic, Korea, and Sweden have cut their corporate rates in 2009, lowering the average statutory corporate tax rate of all OECD nations to 26.5%.
With a combined federal and state corporate tax rate of 39.1%, the U.S. continues to impose the second-highest overall corporate rate among industrialized countries. Only Japan's 39.5% combined rate is higher.
Looks pretty surprising.