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1 Kyle Pomerleau & Emily Potosky, Corporate Income Tax Rates around the World, 2016 1 (2016)

handle is hein.taxfoundation/citxrawol0001 and id is 1 raw text is: FISCAL FACT No. 525 Aug. 2016 The Tax Foundation is the nation's leading independent tax policy research organization. Since 1937, our research, analysis, and experts have informed smarter tax policy at the federal, state, and local levels. We are a 501(c)(3) non-profit organization. @2016 Tax Foundation Distributed under Creative Commons CC-BY-NC 4.0 Editor, Rachel Shuster Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.0rg Corporate Income Tax Rates around the World, 2016 By Kyle Pomerleau and Emily Potosky Director of Federal Research Assistant Projects Key Findings * The United States has the third highest general top marginal corporate income tax rate in the world, at 38.92 percent. Due to the recent reduction in Chad's corporate tax rate, the U.S. rate is exceeded only by the United Arab Emirates and Puerto Rico. * The worldwide average top corporate income tax rate, across 188 countries and tax jurisdictions, is 22.5 percent. After weighting by each jurisdiction's GDP, the average rate is 29.5 percent. * By region, Europe has the lowest average corporate tax rate, at 18.88 percent (26.22 percent, weighted by GDP). The G7 has the highest simple average, at 30.21 percent. * Larger, more industrialized countries tend to have higher corporate income tax rates than developing countries. * The worldwide average corporate tax rate has declined since 2003 from 30 percent to 22.5 percent. * Every region in the world has seen a decline in its average corporate tax rate in the past thirteen years.

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