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04 July 2011

Corporate Income Tax Rates Around the World

By comparing statutory corporate income tax rates of the OECD countries, the U.S. average statutory rate of 39.3 ranks second-highest, just behind Japan's 39.5 and well above the OECD average of 28.7.

UPDATE: As of 04.02.11, not only does the United States have the most progressive income tax system in the world, according to the OECD, we now have the highest corporate tax rate in the world, too!

http://blogs.reuters.com/james-pethokoukis/2011/03/31/no-april-fools-joke-u-s-now-world%E2%80%99s-highest-corporate-taxer/

Here's the full table of average statutory rates:
Country
Corporate Tax Rate in 2000[1]
Rank in 2000
Corporate Tax Rate in 2006
Rank in March 2006
Japan
40.9
3
39.5
1
United States[2]
39.4
6
39.3
2
Germany
52
1
38.9
3
Canada
44.6
2
36.1
4
France
37.8
7
35
5
Spain
35
11
35
5
Belgium
40.2
4
34
7
Italy
37
9
33
8
New Zealand
33
16
33
8
Greece
40
5
32
10
Netherlands
35
11
31.5
11
Luxembourg
37.5
8
30.4
12
Mexico
35
11
30
13
Australia
34
14
30
13
Turkey
33
16
30
13
United Kingdom
30
21
30
13
Denmark
32
18
28
17
Norway
28
26
28
17
Sweden
28
26
28
17
Portugal
35.2
10
27.5
20
Korea
30.8
20
27.5
20
Czech Republic
31
19
26
22
Finland
29
24
26
22
Austria
34
14
25
24
Switzerland
24.9
28
21.3
25
Poland
30
21
19
26
Slovak Republic
29
24
19
26
Iceland
30
21
18
28
Hungary
18
30
16
29
Ireland
24
29
12.5
30
OECD Average[3]
33.6

28.7

Note: Small changes are usually attributable to changes in sub-national rates.
[1] Rates for 2000 and 2006 are combined central and sub-central tax rates. Where sub-central income tax is deductible against central government tax, this is reflected in the net rate of the central government.
[2] The sub-central tax rate for the U.S. is calculated as a weighted average of state corporate income marginal income tax rates, 6.7 percent in 2000 and 6.6 percent in 2006, deductible in both years from federal taxable income.
[3] Unweighted average.

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