U.S. Corporate Tax Code Still Ranks Below Average, Study Finds

The U.S. tax code’s competitive effect on global corporations remains in the lower half of a ranking from the conservative Tax Foundation, even after the 2017 tax cut that was intended to make it easier for American companies to compete abroad.

The U.S. ranked 21st for competitive corporate tax rules, and 28th for taxes on foreign corporate profits, among 36 countries in the Organization for Economic Cooperation and Development, according to the Tax Foundation.

The tax group gave the highest competitiveness rankings to the countries with the lowest rates and easiest processes to comply with the tax laws. The top-ranked ...