U.S. Corporate Taxes Need to Go to Zero

By Christopher Markowski

On April 1, our ally Japan is playing a cruel little April Fools' Day joke on us: The country is lowering its corporate tax rate from 39.5% to 35%. This will give the United States the dubious and awkward distinction of having, at 39.2%, the highest integrated federal/state tax rate among the developed countries of the world. In the world of politics, where nothing is without nuance and message, I wonder what our friends in Japan are trying to tell us? [more...]