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The United States pays higher corporate taxes than most other G20 countries, but it's not as high as it looks at first glance. Companies often pay much lower than the rate that is written into law after taking into account deductions, credits and other provisions of the tax code.

Why this matters: One of the GOP's biggest arguments for lowering the corporate tax rate — now likely to go down from 35 to 21 percent in the final tax bill that's being written now — is that it will make the U.S. more competitive internationally. While economists disagree on whether the bill would effectively do this, it is true that rates in the U.S. are comparatively higher than in other countries.

Expand chart
Data: CBO via Tax Foundation. Note: Italy (-23%) is not included in the Marginal effective rate. Chart: Andrew Witherspoon / Axios

What the different rates measure, per the Congressional Budget Office:

  • Statutory rate: The legal tax rate. Federally, the top corporate rate is 35 percent, but with state taxes factored in, the total average rate was 39.1 percent in 2012.
  • Average corporate rate: The total amount of corporate taxes a company pays as a share of its income.
  • Effective marginal rate: A corporation's tax burden on returns from a marginal investment.

Go deeper

Major companies vow to train, hire Afghan refugees arriving in U.S.

Chobani founder and CEO Hamdi Ulukaya. Photo: Jeff Spicer/Getty Images for Global Citizen

More than 30 major companies have promised to hire and train Afghan refugees coming to the U.S., per a press release from the Tent Partnership for Refugees, the group spearheading the effort.

The big picture: The 33 companies, including Amazon, Facebook, Pfizer and UPS, are joining the Tent Coalition for Afghan Refugees, a coalition founded by Hamdi Ulukaya, the founder and CEO of yogurt and food company Chobani.

Hispanic Heritage Month: Gracias, México, for color TVs

The patent diagram (left) from Guillermo González Camarena's chromoscopic adapter, and he and the engineer (right inspecting TV equipment around 1955 in Mexico City. Photos: U.S. Patent Office and Instituto Nacional de Antropología e Historia de México

Credit Mexican engineering and entrepreneurship for developments that led to the in color television, oral contraception and finding a way to help mend the ozone layer.

Why it matters: The contributions helped modernize how we could see the world; improve women's health and expand women's roles beyond the home; and identify dangerous emissions and how to reduce them.

Ipsos poll: Support growing for abortion rights in Latin America

Members of feminist groups in Saltillo, Mexico, after the decriminalization of abortion was approved in Coahuila, Mexico. Photo: Antonio Ojeda/Agencia Press South/Getty Images

Support for abortion rights in some Latin American countries has jumped considerably since 2014, with Argentina seeing the biggest shift, an Ipsos poll finds.

The big picture: The view that abortion should be permitted at least under certain circumstances is held by a majority of adults surveyed in Argentina, Brazil, Chile, Colombia, Mexico and Peru.