Corporate Income Tax Rates around the World

The key findings of the latest summary of worldwide corporate tax data published by The Tax Foundation are:
  • The United States has the third highest general top marginal corporate income tax rate in the world at 39.1 percent, exceeded only by Chad and the United Arab Emirates.
  • The worldwide average top corporate income tax rate is 22.6 percent (30.6 percent weighted by GDP).
  • By region, Europe has the lowest average corporate tax rate at 18.6 percent (26.3 percent weighted by GDP); Africa has the highest average tax rate at 29.1 percent.
  • Larger, more industrialized countries tend to have higher corporate income tax rates than developing countries.
  • The worldwide (simple) average top corporate tax rate has declined over the past decade from 29.5 percent to 22.6 percent.
  • Every region in the world has seen a decline in their average corporate tax rate in the past decade.
The Tax Foundation is a Washington, D.C.-based think tank founded in 1937 that collects data and publishes research studies on tax policies at the federal and state levels.
 
Read more about The Tax Foundation and Summary of Worldwide Corporate Tax Data 2014.
 
 
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  1. #1 by Robert A. Vella on August 29, 2014 - 7:28 AM

    Marginal tax rates are not that meaningful in the U.S., particularly for corporations and income derived from capital investment, because of the myriad exemptions, loopholes, and subsides contained within its overly complex tax law. The effective tax actually paid by corporations is a better indicator, see: http://money.cnn.com/2013/07/01/news/economy/corporate-tax-rate/index.html

    Like

  2. #3 by bwhite21 on September 1, 2014 - 3:34 PM

    Good point Robert. It is wage earners in US that are taxed burdened, not corporations.

    Liked by 1 person

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