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1 Kari Jahnsen & Kyle Pomerleau, Corporate Income Tax Rates around the World, 2017 1 (2017)

handle is hein.taxfoundation/corpinmtxw0001 and id is 1 raw text is: FISCAL FACT No. 559 Sept. 2017 Corporate Income Tax Rates around the World, 2017 Kari Jahnsen Kyle Pomerleau Research Assistant Economist, Director of Federal Projects 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. ©2017 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.org Key Findings The United States has the fourth highest statutory corporate income tax rate in the world, levying a 38.91 percent tax on corporate earnings. The only jurisdictions with a higher statutory rate are the United Arab Emirates, Comoros, and Puerto Rico. The worldwide average statutory corporate income tax rate, measured across 202 tax jurisdictions, is 22.96 percent. When weighted by GDP, the average statutory rate is 29.41 percent. Europe has the lowest regional average rate, at 18.35 percent (25.58 percent when weighted by GDP). Conversely, Africa and South America tie for the highest regional average statutory rate, at 28.73 percent (28.2 percent weighted by GDP for Africa, 32.98 percent weighted by GDP for South America). In general, large industrialized nations tend to have higher statutory corporate income tax rates than developing countries. The worldwide average statutory corporate tax rate has consistently decreased since 1980, with the largest decline occurring in the early 2000s. The average statutory corporate tax rate has declined in every region since 1980.

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