World’s Highest Corporate Tax Rates
CNBC has published a list, based on Organization for Economic Cooperation and Development (OECD) numbers, of the world’s highest corporate tax rates. The numbers are based on “combined corporate income tax rates” which purports to include both national and local levies.
The list is compiled from a list of OECD member countries which means that only 30 countries are represented. Those countries, however, tend to be among the most developed nations.
Ireland, not surprisingly, is near the bottom of the 30 nations. With a combined rate of 39.21%, the US came in second just behind France at third.
Wonder which country came in first? You can check out the answer – as well as the entire list – here. Here’s a hint: it rhymes with Bapan.
That’s the top marginal rate. W/ credits and deductions, our effective rate is near the bottom.