Dive Summary:

• The Retail Industry Leaders Association (RILA) which represents many large U.S. retail chains has stated its support of reducing the top corporate tax rate to 25%, down from 35% as Washington tries to revamp the tax code.
• The company cites a study from PricewaterhouseCoopers which found the retail industry pays an effective tax rate 10% higher than other industries.
• The retail industry has been willing to trade tax breaks for lower rates for some time, citing the retail industry pays a higher effective rate while receiving fewer tax incentives.

From the article:

“It makes no sense to tax the second largest employing sector in the country, or any sector for that matter, at a substantially higher rate that that levied on other industries,” Hughes wrote.