> Doug wrote, in re dividend tax reform:
>
>>>What's so good about it?
>
>Double taxation of dividends is a subsidy to gearing.
So eliminate the deductibility of interest!
U.S. corps are generally less leveraged than their European or Japanese counterparts. I don't know anything about foreign corporate tax systems, but I suspect the explanations are more related to financial and governance structures than to the tax codes.
Doug