WASHINGTON (Reuters) - The United States should cut corporate taxes to spur economic growth and sharpen U.S. companies’ competitive edge in the world market, U.S. Treasury Secretary Henry Paulson said on Thursday.

“The current tax code distorts capital flows, hurting productivity, job creation and our global competitiveness,” Paulson in an opinion piece published in the Wall Street Journal. “Next Thursday, I will host a conference that will begin a new, broad examination of our business tax system.”

Paulson credited 1986 U.S. tax reforms that lowered individual and corporate tax rates for “20 years of remarkable economic performance in the U.S. and around the world.”

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