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April 3, 2012

US Now Has Developed World's Highest Corporate Tax Rate

The United States, with the world's-largest economy, now has claimed the dubious distinction of having the industrialized world's highest corporate tax rate.

Japan dropped its corporate tax rate slightly on Sunday, to just more than 38 percent. That moved the United States to the top spot, with a 39.2 percent rate.

The U.S. has maintained that rate for two decades and it is unlikely to be changed in the coming months.

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