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Corporate Taxes Suffocate Growth

Wednesday, July 09, 2008 by Sterling T. Terrell

The only nations who have a higher corporate tax rate than America are Suriname, Pakistan, Togo, Benin, Republic of Congo, Cameroon, Chad, Libya, and Vietnam. No information was available for The Democratic Republic of Congo, Iraq, North Korea, Montenegro, Serbia, or Sudan. I cannot imagine why. Lower corporate taxes are associated with economic growth. This can be shown a priori and empirically.

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