Center for Global Tax Policy

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


Featured Research

The EU Determined to Reform the Business Tax

March 19, 2021

Insights into the Tax Systems of Scandinavian Countries

February 24, 2021

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

February 17, 2021

Sources of Government Revenue in the OECD

February 11, 2021

The European Commission and the Taxation of the Digital Economy

February 4, 2021

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

January 13, 2021


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