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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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