Japan slashes taxes; U.S. corporate rates highest in world
Business Roundtable Statement on Japan’s Planned
Japan Lowers Rates 5%
Business Roundtable Executive Director Larry Burton made the following statement regarding the announcement by Japan’s Prime Minister Naoto Kan of his intention to lower the Japanese corporate tax rate by 5 percentage points:
“With Japan’s announcement of its plans to lower its corporate tax rate by 5 percentage points, the United States will soon have the highest corporate tax rate among developed nations. The high U.S. corporate tax rate is an impediment to investment and job creation. We need to embark on reforms to lower the corporate tax rate and adopt a territorial tax system like the rest of the world in order to put U.S. companies and workers on a level playing field with their international competitors.
“A competitive tax system can promote U.S. job creation and investment and provide the right conditions for economic growth to propel our economy forward.”
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Hank Richards is a risk manager who specializes in crisis management for his firm, PRonlineNews. He is a national guest speaker on cancer and is a prostate cancer survivor. Richards writes for various media, has published a book and spent 7 years in business ventures throughout the Middle East.
He is a co-founder of this website and you can contact him by email at - reproduction right from Business Wire Service
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