Trump's Corporate Tax Proposal In Perspective
Corporate Tax Rate
Currently, the U.S. has a high rate of corporate taxation by international standards. If Trump's plan succeeds, the U.S. would become one of the 20 countries with the lowest rates of corporate tax, sitting at the same level as Canada and Ireland. Using Deloitte data, the following infographic compares the current and planned U.S. corporate tax rate to a selection of other nations. Ireland is notable on the infographic as having a very low rate of just 12.5 percent, a rate which has helped it lure several tech heavyweights (including Google and Facebook) into establishing their European headquarters in Dublin.
This chart shows the global corporate tax rate in selected countries in 2017.