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The Corporate Tax Burden: Facts and Fiction

Musings on Markets

For instance, the 2017 US tax reform act, in addition to lowering the corporate tax rate, also changed the way that foreign income to US companies was taxed and put limits on the tax deductibility of debt. In a more telling statistic, the dollar value of taxes paid increased between 2017 and 2019 by 1.4% and the cash tax rate by 2.75%.