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


Related Articles

Comparing Europe’s Tax Systems: Corporate Taxes

October 22, 2020

Two Roads Diverge in the OECD’s Impact Assessment

October 20, 2020

How Would Biden’s Tax Plan Change the Competitiveness of the U.S. Tax Code?

October 19, 2020

International Tax Competitiveness Index 2020

October 14, 2020

Pillars, Blueprints, an Impact Assessment, and Construction Delays

October 13, 2020

Recent Changes in Statutory Corporate Income Tax Rates in Europe

September 10, 2020

Higher Taxes Might Not Be the Solution for Canada and its Provinces

August 7, 2020

Revenue Gains in Asian and Pacific Countries Likely Offset by COVID-19

July 24, 2020

Decades in Corporate Taxation

July 8, 2020

Global Tax Relief Efforts Vary in Scope and Time Frame in Response to COVID-19

June 22, 2020

Complexity of Corporate Taxes in Europe

June 4, 2020

OECD Report: Tax Revenue in African Countries

May 28, 2020

Tax Policy After Coronavirus: Clearing a Path to Economic Recovery

April 22, 2020

Corporate Income Tax Rates in Europe

April 16, 2020

Tracking Economic Relief Plans Around the World during the Coronavirus Outbreak

March 25, 2020

Tax Policy and Economic Downturns

March 18, 2020

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

March 11, 2020

Reliance on Corporate Income Tax Revenue in Europe

February 20, 2020

Sources of Government Revenue in the OECD, 2020

February 19, 2020

Austria’s New Government Revamps Tax Plans

January 8, 2020