“I’ve made the point before that the United States foolishly imposes the highest corporate tax rate of all developed nations. But that obviously means it is theoretically possible for there to be a nation in the developing world that has a higher corporate tax rate. It’s not China, which is nominally still a communist nation (though apparently with more of a pro-business mentality than the United States). It’s not Venezuela or Argentina, corrupt and thuggish Latin American nations. And it’s not Zimbabwe, a statist kleptocracy in Africa. The one nation in the world which is worse than the United States is the United Arab Emirates, with a corporate rate of 55 percent.”
