5 Countries With The Highest Corporate Tax Rates

2. United States of America

Average tax rate over the past decade (2011-2020): 36.1%

Till 2017, the corporate tax rate in the US on average was 40% which has now fallen to 27% over the past few years. This is the result of successful lobbying by major corporations in the country, which means that the biggest companies in the US now have to pay a lot less tax. The change came as a result of the Tax Cuts and Jobs Act, which was one of the first legacies of the Donald Trump era, who is well-known for being friendly to major corporations. Now that the Presidency has changed as has the majority in Senate, the tax rate may increase again in the near future for corporations.

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