Quick Fact: Wall Street Journal editorial ignores effective tax rate to claim U.S. corporate tax rate "is among the highest in the world" | Media Matters for America

Quick Fact: Wall Street Journal editorial ignores effective tax rate to claim U.S. corporate tax rate "is among the highest in the world" Media Matters for America

Fact: World Bank study found U.S. effective corporate lower than those of several industrialized nations, including China
In its Paying Taxes 2009 publication, based on its 2009 Doing Business report, the World Bank-International Finance Corporation estimated that the United States has a lower effective rate of current corporate tax than that of several other nations, including Germany, Canada, India, China, Brazil, Japan, and Italy. The publication also included a figure that compared effective and statutory corporate tax rates for several G8 and BRIC [Brazil, Russia, India, China] countries