US Now Has Developed World's Highest Corporate Tax Rate

 　　The United States, with the world's-largest economy, now has claimed the dubious¹ distinction of having the industrialized world's highest corporate² tax rate.

　　Japan dropped its corporate tax rate slightly on Sunday, to just more than 38 percent. That moved the United States to the top spot, with a 39.2 percent rate.

　　The U.S. has maintained that rate for two decades and it is unlikely to be changed in the coming months.

　　The United States is in the early stages of the political campaign leading to the national presidential election in November. The country's politicians have offered widely varying tax proposals, but have shown little inclination³ to reach agreement before the election.

　　Despite the official corporate tax rate, many U.S. businesses pay a sharply diminished proportion of their profits in taxes, sometimes nothing. They are able to legally reduce their taxes by deducting⁴ business expenses, and U.S. tax laws exempt⁵ some types of income from taxation⁶.

　　One study, by the Organization for Economic Cooperation and Development [OECD], concluded American corporations paid an effective tax rate of about 24 percent. That was slightly less than the average for the 34-nation OECD coalition⁷ that promotes global economic advancement⁸.

　　The OECD said that Ireland has the lowest tax rate among its members, a 12.5 percent rate. The island nation has used the rate to boost its economy, but other European nations have said it gives Ireland an unfair advantage in attracting corporations to locate there. Four other countries - the Czech Republic, the Slovak Republic, Hungary and Poland - have a 19 percent corporate tax rate.

　　U.S. President Barrack Obama, a Democrat⁹, has called for corporate tax reform with a top rate of 28 percent.  he leading Republican seeking to oust¹⁰ him, one-time venture capitalist Mitt¹¹ Romany, says he wants to cut the rate to 25 percent. Both say they want to overhaul¹² the country's complex tax code, which would also affect the size of the tax bills that all American workers pay.

1 dubious   

adj.怀疑的，无把握的；有问题的，靠不住的

参考例句：

• What he said yesterday was dubious.他昨天说的话很含糊。
• He uses some dubious shifts to get money.他用一些可疑的手段去赚钱。

2 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

3 inclination   

n.倾斜；点头；弯腰；斜坡；倾度；倾向；爱好

参考例句：

• She greeted us with a slight inclination of the head.她微微点头向我们致意。
• I did not feel the slightest inclination to hurry.我没有丝毫着急的意思。

4 deducting   

v.扣除，减去( deduct的现在分词 )

参考例句：

• Deducting drop size and velocity from circular blood stains. 如何从循环的血液中降低血滴的大小和速度。 来自电影对白
• Ordinary shareholders receive dividend from profit after deducting the preference shares dividend. 普通股股东可获派剩馀的盈利为股息。 来自互联网

5 exempt   

adj.免除的；v.使免除；n.免税者，被免除义务者

参考例句：

• These goods are exempt from customs duties.这些货物免征关税。
• He is exempt from punishment about this thing.关于此事对他已免于处分。

6 taxation   

n.征税，税收，税金

参考例句：

• He made a number of simplifications in the taxation system.他在税制上作了一些简化。
• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。

7 coalition   

n.结合体，同盟，结合，联合

参考例句：

• The several parties formed a coalition.这几个政党组成了政治联盟。
• Coalition forces take great care to avoid civilian casualties.联盟军队竭尽全力避免造成平民伤亡。

8 advancement   

n.前进，促进，提升

参考例句：

• His new contribution to the advancement of physiology was well appreciated.他对生理学发展的新贡献获得高度赞赏。
• The aim of a university should be the advancement of learning.大学的目标应是促进学术。

9 democrat   

n.民主主义者，民主人士；民主党党员

参考例句：

• The Democrat and the Public criticized each other.民主党人和共和党人互相攻击。
• About two years later,he was defeated by Democrat Jimmy Carter.大约两年后，他被民主党人杰米卡特击败。

10 oust   

vt.剥夺，取代，驱逐

参考例句：

• The committee wanted to oust him from the union.委员会想把他从工会中驱逐出去。
• The leaders have been ousted from power by nationalists.这些领导人被民族主义者赶下了台。

11 mitt   

n.棒球手套，拳击手套，无指手套；vt.铐住，握手

参考例句：

• I gave him a baseball mitt for his birthday.为祝贺他的生日，我送给他一只棒球手套。
• Tom squeezed a mitt and a glove into the bag.汤姆把棒球手套和手套都塞进袋子里。

12 overhaul   

v./n.大修，仔细检查

参考例句：

• Master Worker Wang is responsible for the overhaul of this grinder.王师傅主修这台磨床。
• It is generally appreciated that the rail network needs a complete overhaul.众所周知，铁路系统需要大检修。