Video: Comparing Effective Tax Rates of Corporations

In the following video, the Tax Foundation demonstrates how US companies have been losing their competitive edge, due to the relatively high tax burden from effective tax rates on the corporate level compared to the world.

It is important to point out that aside from tax policies, the policies that constitute the monetary, political, legal, bureaucratic and regulatory regimes also contributes to the economy's level of competitiveness.

Overall, the lesser involvement by the government, the more competitive the economy. In other words, economic freedom is the key to prosperity.