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You can also wrap your own efforts in their positive concepts - reform, transparency, etc. Who can be again reforms to bring more transparency to corporate taxes, mmm? Reform has to be good for corporations, no? They are always asking for reforms. Let's give them reforms...

I think it holds especially true in that specific case as the issue is not so much the marginal corporate tax rate but recognition of taxable income. One thing really made me gasp for air in your quote:
The countries with the highest tax rates were Japan, with 40.69 per cent, and the US with 40 per cent. At the bottom of the scale was the Cayman Islands with a zero corporate tax rate.
No corporation in the US pays an effective 40% percent tax rate or anything close but rather 10 or 15% for the least "talented". That's because corporate tax cuts don't come under the form of rate cuts but under the form of exemptions - what is taxable and what is not.
by Francois in Paris on Thu Apr 6th, 2006 at 11:48:24 AM EST
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