Skip to main content

lifegen00

No less complicated is the system of taxes paid by enterprises. In the US, no value added tax (VAT) has been introduced, while staying with the sales tax charged each time the item is sold. For these reasons, in order to know the true level of tax burden in the United States, it is better to look at the effective tax rate indicator rather than the nominal thresholds. It turns out that although corporations should pay tax of up to 40% of revenues, e.g. in 2012 their effective tax rate was only about 12%, and some of the largest corporations
This podcast doesn't have any episodes yet. Stay tuned!