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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

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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.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/

 

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