Study: U.S. Companies Pay Sixth-Highest Effective Corporate Tax Rate Worldwide; WaPo Buries Item in Squib on Page A17
Yesterday afternoon, the Bloomberg financial news service picked up on a study by PricewaterhouseCoopers showing that U.S. companies pay the sixth highest effective corporate tax rates in the world.
"The tax rate for the largest U.S. companies between 2006 and 2009 was 27.7 percent, compared with a non-U.S. average of 19.5 percent, according to the study," reporter Richard Rubin noted. "Excluding the U.S., companies based in industrialized countries had an average rate of 22.6 percent."
But when the Washington Post picked up the story, it condensed the 15-paragraph Bloomberg story to a two-sentence squib on the Economy & Business page on A17 (see screencap of print edition PDF below):