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How do corporate tax rates in the United States compare to those of other countries around...
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Corporate tax rate in India United States of America have been very high before the corporate tax rate cut has been done and it is one of the highest in the entire world but after the rate cuts have been implemented by the Donald Trump government. They have done it in order to attract the domestic companies to produce higher amount of jobs in America itself and not outsource their employment opportunities to other countries because they are providing them with the lower taxes these companies will be inclined towards production in their own countries and this should be leading to generation of employment in their own countries.
Impact of the tax cuts on United States corporations has been positive and it has led to lower outsourcing of jobs and more of the domestic manufacturing and it had led to increase in the Gross domestic Product because of the production in the United States itself and it has also encouraged a large number of companies to produce their goods and services in America itself because of the lower tax regimes.
Potential impact of the corporate taxation as a result of 2020 presidential election would be leading to more of the tax advantages as it has been promised by the Joe Biden as well so it would be leading to more of the generation of the employment in the America itself and it would be leading to overall lower tax regime for companies in order to produce and generate employment opportunity in America.
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