The US corporate tax rate is one of the highest in the world especially among developed countries. President Trump has proposed to cut this rate to 19% to make the country competitive globally. However according to a report at Schroders the eventual rate is likely to be in around 25%.
The chart shows the current US rate compared to other countries and the proposed rates:
Click to enlarge
Source: Letter from America – part two: What will be Trump’s top legislative priorities? by David Docherty, Schroders