Pursuits
U.S. Companies Pay World’s Sixth-Highest Tax, Study Finds
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U.S. companies face the sixth-highest effective tax rate in the world, according to a study by PricewaterhouseCoopers LLP.
The tax rate for the largest U.S. companies between 2006 and 2009 was 27.7 percent, compared with a non-U.S. average of 19.5 percent, according to the study released today. Companies based in Japan, Morocco, Italy, Indonesia and Germany faced higher tax rates. Excluding the U.S., companies based in industrialized countries had an average rate of 22.6 percent.