Reduce the Corporate Rate from 35% to 25%
The United States cannot compete while burdened with the second-highest corporate tax rate in the
developed world; American companies and our workers deserve a level playing field. Governor
Huntsman will lower the corporate tax rate to the average of other OECD nations. With high
unemployment, it is important that we not push corporations and capital overseas. We need employers to
be based in America if they're going to provide jobs to Americans.
Shift from a Worldwide System of Taxation to a Territorial System
We are one of the last countries taxing businesses on worldwide income and punishing businesses that
bring money home. Shifting to a territorial system will allow American companies to compete with
other global players and allow US-based multinationals to bring capital home to invest in new jobs.
Implement a Tax Holiday for Repatriation of Corporate Profits
A tax holiday for repatriation of corporate profits earned overseas will make available between $400
billion and $600 billion for companies to make capital investments. This is a critical tool in creating a pro-growth business environment that will get Americans back to work.