To wrap up a special legislative session on highway funding, Arkansas Governor Asa Hutchinson signed a measure that will generate close to $300 million over two years to help pay for upgrades to the state’s roads and...
- Map: The United States Has One of the Highest Corporate T...
Map: The United States Has One of the Highest Corporate Tax Rates in the World
It is well known that the United States has the highest corporate income tax rate among the 34 industrialized nations of the Organization for Economic Cooperation and Development (OECD). However, it is less well known how the United States stacks up against all of the countries and other tax jurisdictions throughout the world.
This map shows the top marginal corporate income tax rates for 163 countries and tax jurisdictions.
Expanding the sample of countries to 163, the U.S. corporate tax rate of 39.1 percent is the third highest in the world, behind only the United Arab Emirates and Chad, which have rates of 55 and 40 percent, respectively. The U.S. tax rate is 16.5 percentage points higher than the worldwide average of 22.6 percent and about 9 percentage points higher than the worldwide GDP-weighted average of 30.6 percent.
For more information on this data and the corporate tax rates around the world see our new report.
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