November 4, 2015
By Alan Cole
In an interview with Bloomberg Politics published yesterday, Presidential candidate Donald Trump made some good points about corporate income tax policy.
“What's happening is companies are leaving our country and you're reading about it,” Trump said in a Monday interview with Bloomberg Politics' With All Due Respect. “You're seeing Pfizer. They are leaving our country and thinking about massive numbers of companies are thinking about leaving to go out and get that money. Also to get a better tax deal.”
Asked whether there was anything wrong with taking advantage of corporate inversions, Trump was steadfast in pointing the finger at U.S. tax policy.
“No. There is no way you can stop it really other than lowering the taxes because right now ... it is prohibitive to bring that money in,” Trump said. “They'd have to pay so much, they'd have to be fools to bring it in.”
This is a very straightforward point with a lot of evidence behind it. The United States has the third highest corporate income tax rate in the world, as seen in this table below from our recent report on corporate rates around the world.
Read the full article at the Tax Foundation: Donald Trump Makes Good Points on International Tax Competitiveness