Morgan Stanley CEO: US corporate taxes in 20% range would be economically ‘stimulating’

U.S. corporate taxes within the 20 percent range would be a plus for the economy, Morgan Stanley Chairman and CEO James Gorman told CNBC on Thursday.

Rates in the world’s largest economy are currently 35 percent, versus 15 to 25 percent in major jurisdictions elsewhere in the world, he explained. “For the U.S. to be so much off market, it’s going to lead to corporations doing things they normally wouldn’t do in terms of shifting revenues offshore … the U.S. has to bring the corporate tax plan down.”

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