◆ How does the corporate income tax influence investment, potential GDP and its growth rate? US Firms Move Abroad to Cut Taxes More big US companies are moving abroad. Tax bills are their main reason and some are moving because they worry that US taxes will rise in the future as the tax code changes to shrink the federal budget deficit.

Source: The Wall Street Journal, 28 August 2012 Some Facts about Corporate Income Taxes

◆ The US corporate income tax rate is among the world’s highest.

◆ Figure 1 shows the corporation income tax rates in a selection of countries.