by Dr. Roy Cordato
Senior Economist, Emeritas
…you view this as France laying down the gauntlet to the US.
Thanks to France doubling its surface tax on corporate income, the United States no longer has the world’s highest corporate income tax. Today, France imposes a 36 percent marginal effective tax rate on capital investments, while the United States holds at 35.3 percent. The marginal effective tax rate on capital accounts for the corporate income tax including deductions and credits, sales taxes on capital purchases, and other capital-related taxes including financial transaction taxes…