While corporation tax rates are influenced by the country’s definition, there’s clearly a pattern with developing countries and emerging economies paying higher rates to sustain the country.
The top five richest countries in the world’s corporation tax are relatively varied, with Luxembourg standing at 27.08
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Lucy Desai is a content writer at QuickBooks, a global company offering the world’s leading accountancy software.
Sources:
https://tradingeconomics.com/country-list/corporate-tax-rate
https://taxfoundation.org/corporate-tax-rates-around-the-world-2019/
https://www.weforum.org/agenda/2020/01/corporation-tax-good-or-bad-for-growth/
https://www.bizlatinhub.com/ease-doing-business-latin-america-summary/
https://www.worldbank.org/en/region/afr/overview
https://data.worldbank.org/indicator/NY.GDP.MKTP.KD.ZG?locations=ZA
https://www.bbc.co.uk/news/world-africa-14094760
http://worldpopulationreview.com/countries/richest-countries-in-the-world/
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