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Fact-check: “The US has the highest corporate tax rate in the developed world”
Verdict: False (92% confidence)
The US federal statutory corporate tax rate is 21%, set by the 2017 Tax Cuts and Jobs Act. That is lower than the statutory rates in France (25%), Spain (25%), Belgium (25%), the UK (25%), and Italy (24%+), and lower than Germany's and Japan's combined rates of roughly 30%. The US does not have the highest corporate tax rate in the developed world by any standard measure of statutory rates among OECD countries.
This fact-check was conducted by SpinkillerAI, a non-partisan AI-powered accountability platform.
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