From Reuters, reporting on Silvio Berlucsconi’s election to a third term last weekend as prime minister of Italy:
On Tuesday, he repeated campaign promises to cut taxes and sell state-owned real estate to trim a crushing public debt burden.
He has also pledged more infrastructure spending to stimulate the economy…
Time again to turn to the Tax Foundation for the global context: “Currently, the average combined federal and state corporate tax rate in the U.S. is 39.3 percent, second among OECD countries to Japan’s combined rate of 39.5 percent.”
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