How to Better Compete in the World Economy

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According to the Small Business and Entrepreneurship (SBE) Council, the United States need to provide tax relief for U.S. business to better compete in the world economy.

The United States’ 40 percent tax rate (federal plus state average) ranks 170th among 171 nations with only the United Arab Emirates imposing a higher rate (55 percent), explained Raymond Keating, SBE’s chief economist.

SBE Council claims the U.S. has the second highest corporate tax rate in the world.

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