When Japan lowers its corporate tax rate on April 1, the United States will have the highest corporate tax rate among industrialized nations. That's why it was very good news when, earlier this week, the Obama administration proposed plans to lower the corporate income tax rate to 28 percent and take steps to broaden the base.
Kamarck, Elaine. "Lowering the Corporate Tax Rate a Good Start." USNews.com, February 24, 2012.