The US business and political class are fond of bemoaning what they say are the high rates of corporate taxes in the US and how it makes the US uncompetitive compared to their European counterparts. Of course, this is just a game played by transnational elites to try and get governments to compete with each other in lowering tax rates. If the US rates do dip below the European ones, then the business elites in Europe will complain how they are now disadvantaged and need to have their taxes lowered, and so on.
In this charade, the business sector focuses on the nominal tax rates but of course this is not what businesses pay. There are all manner of deductions that they have obtained for themselves over time that results in them paying much lower taxes, much like individuals can deduct state and local taxes, home mortgage interest, charitable donations, and the like.
Kevin Drum has looked at the average tax actually paid as a percentage of GDP by individuals and corporations and how that has varied over time.
The graph shows what a fraud the complaint about high business tax rates is.