Home

World Taxes 1

October 20, 2020

The Highest Corporation Taxes Around the World and the Main Drivers Behind Them

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.

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 27.08World Taxes 1

.

World Taxes 2

.

World Taxes 3

.

World Taxes 4

============

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.oecd.org/tax/corporate-tax-remains-a-key-revenue-source-despite-falling-rates-worldwide.htm

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/

 

Thanks for reading CPA Practice Advisor!

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more…

Need more information? Read the FAQs

Subscribe for free to get personalized daily content, newsletters, continuing education, podcasts, whitepapers and more...

Subscribe

Leave a Reply

Recommended Articles

social_security_1_.5437fce24d012

General News March 22, 2025 

Social Security Head Calls Off Shutting Agency After Court Order

Zoe TillmanBloomberg News(TNS) WASHINGTON — The acting head of the Social Security Administration retreated from his threat to shut down the office after a federal judge said an order restricting data access for Elon Musk and his cost-cutting team doesn’t apply to agency employees. In a letter released Friday, U.S. District Judge Ellen Hollander said...…