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1 Sean Bray, Corporate Tax Rates around the World, 2021 1 (2021)

handle is hein.taxfoundation/cpttxrsad0001 and id is 1 raw text is: * Corporate Tax Rates UTaround the World, 2021 FISCAL Sean Bray Global Policy Analyst FACT No. 783 Nov. 2021 Key Findings - In 2021, 20 countries made changes to their statutory corporate income tax rates. Three countries-Bangladesh, Argentina, and Gibraltar-increased their top corporate tax rates, while 17 countries-including Chile, Tunisia, and France-reduced their corporate tax rates. - Comoros (50 percent), Puerto Rico (37.5 percent), and Suriname (36 percent) are the jurisdictions with the highest corporate tax rates in the world, while Barbados (5.5 percent), Uzbekistan (7.5 percent), and Turkmenistan (8 percent) levy the lowest corporate rates. Fifteen jurisdictions do not impose corporate tax. - The worldwide average statutory corporate income tax rate, measured across 180 jurisdictions, is 23.54 percent. When weighted by GDP, the average statutory rate is 25.44 percent. - Asia has the lowest regional average rate, at 19.62 percent, while Africa has the highest regional average statutory rate, at 27.97 percent. However, when weighted for GDP, Europe has the lowest regional average rate at 23.97 percent and South America has the highest at 31.03 percent. - The average top corporate rate among EU27 countries is 21.30 percent, 23.04 percent among OECD countries, and 26.69 percent in the G7. The Tax Foundation is the nation's * The worldwide average statutory corporate tax rate has consistently leaing . inepndene policy dcesdsne18 ihtedciei h research organization. decreased since 1980, with the largest decline occurring in the early 2000s. our research, analysis, and experts have informed smarter tax policy at the federal state, and global * The average statutory corporate tax rate has declined in every region since levels. We are a 501(c)(3) nonprofit organization. 1980. ©2021 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

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