We currently have 1 false assertion made by Kristi Noem in our database.
- Member of the U.S. House of Representatives from South Dakota's at-large district. (2011-)
10 of #31Reasons4TaxReform: America can’t compete for business and jobs when we have the world’s highest corporate tax rate.Twitter on
- The US Has the Highest Corporate Tax Rate in the World
The US does have a high statutory rate (up to 35%), but significant deductions and exemptions mean companies actually end up paying a much lower rate; the effective tax rate is about average. Furthermore, while the statutory rate relatively high, it is not the highest in the world; that distinction goes to the United Arab Emirates with rates up to 55%.