National and State Corporate Income Tax Rates, U.S. States and OECD Countries, 2009

June 7, 2012

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OECD
Overall Rank
Country/State Federal Rate
2009
Top State/Provincial
Corporate
Tax Rate
Combined
Federal and State
Rate (Adjusted)(a)
Pennsylvania 35 9.99 41.5
Minnesota 35 9.8 41.4
Massachusetts 35 9.5 41.2
Alaska 35 9.4 41.1
New Jersey 35 9.36 41.1
Rhode Island 35 9 40.9
Maine 35 8.93 40.8
California 35 8.84 40.7
West Virginia 35 8.75 40.7
Delaware 35 8.7 40.7
Indiana 35 8.5 40.5
New Hampshire 35 8.5 40.5
Vermont 35 8.5 40.5
Maryland 35 8.25 40.4
Oregon 35 7.9 40.1
Wisconsin 35 7.9 40.1
Nebraska 35 7.81 40.1
Idaho 35 7.6 39.9
New Mexico 35 7.6 39.9
Connecticut 35 7.5 39.9
Illinois 35 7.3 39.7
New York 35 7.1 39.6
Kansas 35 7.05 39.6
01 Japan 30 11.56 39.54
Arizona 35 6.968 39.5
North Carolina 35 6.9 39.5
Montana 35 6.75 39.4
Alabama 35 6.5 39.2
Arkansas 35 6.5 39.2
North Dakota 35 6.5 39.2
Tennessee 35 6.5 39.2
Washington* 35 6.4 39.2
Hawaii 35 6.4 39.2
02 United States 35 6.3 39.1
Missouri 35 6.25 39.1
Michigan 35 6.04 38.9
Georgia 35 6 38.9
Kentucky 35 6 38.9
Oklahoma 35 6 38.9
Virginia 35 6 38.9
Iowa 35 12 38.6
Florida 35 5.5 38.6
Ohio 35 5.1 38.3
Mississippi 35 5 38.3
South Carolina 35 5 38.3
Utah 35 5 38.3
Colorado 35 4.63 38.0
Louisiana 35 8 37.4
Texas* 35 1 35.7
Nevada 35 0 35.0
South Dakota 35 0 35.0
Wyoming 35 0 35.0
03 France 34.43 34.4
04 Belgium 33.99 33.99
05 Canada 19 12.3 31.32
06 Germany 15.83 14.4 30.18
07 New Zealand 30 30
08 Spain 30 30
09 Australia 30 30
10 Luxembourg 21.84 6.75 28.59
11 United Kingdom 28 28
12 Mexico 28 28
13 Norway 28 28
14 Italy 27.5 27.5
15 Portugal 25 1.5 26.5
16 Sweden 26.3 26.3
17 Finland 26 26
18 Netherlands 25.5 25.5
19 Austria 25 25
20 Denmark 25 25
21 Greece 25 25
22 Korea 22 2.5 24.2
23 Switzerland 8.50 14.47 21.17
24 Czech Republic 20 20
25 Hungary 20 20
26 Turkey 20 20
27 Poland 19 19
28 Slovak Republic 19 19
29 Iceland 15 15
30 Ireland 12.5 12.5

Source: http://www.oecd.org/dataoecd/26/56/33717459.xls, CCH, Tax Foundation

* For the purposes of comperability, Washington’s B&O gross receipts tax has been converted into an effective CIT rate and Texas’ 1% Margins tax rate has been included as if it were a traditional CIT.

a. Combined rate adjusted for federal deduction of state tax


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