The top personal income tax rate (also levied on capital gains), the sales tax rate, the corporate tax rate, and the gas tax are all at or near the highest of any state.

A recent study found that taxing capital gains and dividends as ordinary income, subject to a maximum 28 rate on long term capital gains (the pre 1997 rate), could finance a cut in the corporate tax rate from 35 to 26 .

5. The Turks and Caicos Islands levies no income tax, capital gains tax or sales tax.

Capital tax differences among countries would induce capital to flow from the high tax to the low tax economies. Such tax induced distortions would lead to an inefficient regional allocation of investment and possible tax competition.

One of the most efficient tax raising methods is the US payroll tax, for which the marginal tax rate is close to the average rate (because deductions are absent and there is little graduation in the rate structure).

Tax evasion and illegal export of capital are the two most common practices constituting capital flight.

Reagan s tax policies reduced the top income tax rate from 70 in 1980 to 28 in 1986.

There are many arguments for raising Japan s consumption tax rate.

The income tax rate was decreased to 21 by January 2008.

But there are not enough tax breaks for the rich to cover another 20 reduction in their income tax rate.

In January 2005, the personal income tax rate was reduced to 24 .

If the capital gains tax rate is 50 (like Germany) and the company sells the stock,the company has 600 which is 40 percent less than before it sold the stock.

Similarly, others have suggested that any country which modifies its tax laws to attract foreign capital could be considered a tax haven.

According to the official exchange rate, the exemption tax exceeds US 3 million.

At present, Bermudians pay a tax on any capital transferred out of the Territory.

But, given that the top US marginal income tax rate is 35 , he certainly is a tax avoider on a grand scale.

A lower corporate tax rate would weaken this justification. Moreover, pension funds, retirement plans, and non profit organizations, which receive about 50 of all corporate dividends, do not pay tax on these earnings, and would benefit from a lower corporate tax rate.

But, in a world of mobile capital, raising the corporate tax rate or simply leaving it at its current level would be a bad way to generate revenue, a bad way to increase the tax system s progressivity, and a bad way to help American workers.

Sarkozy s proposed cure is to boost growth by reducing the tax burden on employers, while simultaneously hiking the rate of value added tax.

A global externality can best be dealt with by a globally agreed tax rate.

Speaking of special privileges, the extraordinary differential between the 15 tax rate that capitalists pay on carried interest, dividends, and capital gains, and the 35 top marginal rate on work, that ordinary Americans pay, is kind of hard to justify without a touch of deification.

Right now, Warren Buffett pays a lower tax rate than his secretary. Do we want to keep these tax cuts for the wealthiest Americans?

The corporate tax rate is a flat 18 , one of the lowest in the world.

As defined in the proposed legislation, the tax rate is 23 for the first year.

Brazil has been aggressive in terms of capital restrictions, twice increasing its tax on financial inflows.

Japan s government has a huge debt burden, and its consumption tax rate is far lower than the value added tax rates that prevail in Europe.

Moreover, a high corporate tax rate is an ineffective and costly tool for producing revenues, owing to innovative financial transactions and legal tax avoidance mechanisms.

And, while raising so much revenue with so low a tax rate sounds grand, the declining volume of trades would shrink the tax base precipitously.

Instead of cutting proven tax incentives for business investment, the US should offset at least some of the revenue losses from a lower corporate tax rate by raising tax rates on corporate shareholders.

The Chinese could abolish capital controls and let the renminbi s exchange rate float.

Obama s temporary first year expensing proposal for capital purchases (a good idea as part of a permanent corporate tax overhaul) could get folded into broader tax legislation.

But the center of attention will be the expiring Bush tax cuts of 2001 and 2003, which reduced marginal tax rates on income, dividends, and capital gains.

BERKELEY The United States now has the highest statutory corporate income tax rate among developed countries.

And, to address volatile capital flows, countries should increase exchange rate flexibility, maintain adequate international reserves, and implement carefully designed capital controls.

Indeed, cutting these items to pay for a reduction in the corporate tax rate could end up increasing the tax on corporate economic activity in the US.

The measures include tighter limits on home purchases by non locals in cities with excessive price gains, a reinforced 20 capital gains tax, mandatory 70 down payments, and a 30 benchmark interest rate premium for second mortgages.

Georgia s 12 flat rate income tax probably the lowest in the world has boosted the national budget.

The tax rate that achieves optimum, or highest government revenues is somewhere in between these two values.

Enterprises that interact with university based research laboratories have been offered venture capital, tax benefits and other incentives.

The first conclusion of the report was that global environmental taxes and the Tobin tax on currency transactions could yield substantial revenues at a very low tax rate.

12. The principal forms of taxation are income tax, land tax and withholding tax, which is payable by non residents on incomes accruing in or deriving from the Territory, at a current rate of 25 per cent.

With current and capital account surpluses, the renminbi s exchange rate is still under upward pressure.

As a result, market oriented interest rate reform is now needed to help optimize capital allocation and support the development of China s financial market, thereby laying the groundwork for future capital account and exchange rate liberalization.

To see why, consider the tax rate necessary to pay for social benefits, which equals the replacement rate (the average level of benefits relative to taxpayer incomes) multiplied by the dependency ratio (the share of the population receiving the benefits). The higher the replacement rate and or dependency ratio, the higher the tax rate needed to pay for the benefits.

That said, if the goal of corporate tax reform is to boost investment and job creation, broadening the tax base to pay for a lower rate could be counterproductive.