It’ll take a few years for the data to play out, but that’s likely not the case. A CBO study found that our effective corporate tax rate before the Trump tax cut was 18.6%. https://www.npr.org/2017/08/07/541797699/fact-check-does-the.... France, Australia, and Canada were from 8.5-11.2%. The Trump tax cut dropped the nominal rate by about 1/3 (accounting for state corporate taxes, which didn’t change). Assuming a proportional drop in the effective rate (which is a wild ass guess), that would move us below Brazil, Germany, and India, but keep us slightly above France, Canada, And Australia.
The US media coverage of Trump’s corporate tax cuts really misrepresented how completely mainstream it was: https://object.cato.org/sites/cato.org/files/wp-content/uplo.... While the US nominal rate of almost 40% total was around the OECD average in 1990, the rest of the OECD dropped to just over 20% by 2017. Meanwhile, the US nominal rate didn’t drop at all.
The US media coverage of Trump’s corporate tax cuts really misrepresented how completely mainstream it was: https://object.cato.org/sites/cato.org/files/wp-content/uplo.... While the US nominal rate of almost 40% total was around the OECD average in 1990, the rest of the OECD dropped to just over 20% by 2017. Meanwhile, the US nominal rate didn’t drop at all.