5 Countries with the Lowest Corporate Tax Rates

2. Guernsey

Latest & Lowest Corporate Tax Rate: 0%

Guernsey is an island country in the English channel. The financial services sector is its largest industry and lends the country a high per capita income as well. The standard corporate income tax rate in the country is 0%, while some, such as the banking businesses pay a 10% tax and others, such as property companies pay a 20% tax.