By Cathy Schultz, Vice President, Tax and Fiscal Policy, Business Roundtable

As you may have seen, there’s a new Reuters piece circulating claiming that “U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden.” This is not true. Here are four reasons why:

1. The piece begins with — and its argument heavily relies on — the claim that the “U.S. tax code is unusually generous.” However, when one compares tax systems of other countries, the United States is the only one with a…

Business Roundtable

Business Roundtable is an association of CEOs of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

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