Corporate Income Taxes

In addition to the federal corporate income tax rate, many U.S. states levy corporate income taxes of their own. Economists have long understood that corporate income taxes are double taxes, since the same income is taxed once as profit, and once as individual income when distributed as dividends to shareholders.

Contrary to popular misconception, the ultimate burden of corporate income taxes doesn’t fall on corporations, but is instead borne by workers, shareholders and consumers. According to a recent Federal Reserve study, state corporate taxes hurt entrepreneurship.

State Corporate Income Tax Rates and Brackets

Corporate Tax Rates by Country

An Investment Boost in the UK’s 2021 Budget

Combined State and Federal Corporate Income Tax Rates in 2021

The UK Should Not Ignore Problems with its Corporate Tax Base

Insights into the Tax Systems of Scandinavian Countries

Evaluating Proposals to Increase the Corporate Tax Rate and Levy a Minimum Tax on Corporate Book Income

Changes to the Tax Base Matter When Evaluating the Impact of Tax Reforms

Brits to Prepare for Tax Reforms

A $6 Billion Tax Increase Proposal in Pennsylvania Would Yield the Nation’s Highest Combined Flat-Rate Income Taxes

Which States Are Taxing Forgiven PPP Loans?

Sources of Tax Revenue: U.S. vs. OECD

Join Us for a Free “State Tax Policy Boot Camp”

Reliance on Corporate Income Tax Revenue in Europe

Sources of Government Revenue in the OECD

Tax-A-Rama in Maryland

The European Commission and the Taxation of the Digital Economy

State Corporate Income Tax Rates and Brackets for 2021

Thirteen Priorities for Pro-Growth Tax Modernization in Nebraska

5 Observations on Janet Yellen’s Recent Confirmation Testimony

Double Taxation of Corporate Income in the United States and the OECD

State Tax Changes Effective January 1, 2021