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The Tax Foundation is the nation’s
leading independent tax policy
research organization. Since 1937,
our research, analysis, and experts
have informed smarter tax policy
at the federal, state, and global
levels. We are a 501(c)(3) nonprofit
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Editor, Rachel Shuster
Designer, Dan Carvajal
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Corporate Tax Rates
around the World, 2021
In 2021, 20 countries made changes to their statutory corporate income
tax rates. Three countries—Bangladesh, Argentina, and Gibraltar—increased
their top corporate tax rates, while 17 countries—including Chile, Tunisia, and
France—reduced their corporate tax rates.
• Comoros (50 percent), Puerto Rico (37.5 percent), and Suriname (36 percent)
are the jurisdictions with the highest corporate tax rates in the world, while
Barbados (5.5 percent), Uzbekistan (7.5 percent), and Turkmenistan (8
percent) levy the lowest corporate rates. Fifteen jurisdictions do not impose
• The worldwide average statutory corporate income tax rate, measured across
180 jurisdictions, is 23.54 percent. When weighted by GDP, the average
statutory rate is 25.44 percent.
• Asia has the lowest regional average rate, at 19.62 percent, while Africa has
the highest regional average statutory rate, at 27.97 percent. However, when
weighted for GDP, Europe has the lowest regional average rate at 23.97
percent and South America has the highest at 31.03 percent.
• The average top corporate rate among EU27 countries is 21.30 percent,
23.04 percent among OECD countries, and 26.69 percent in the G7.
• The worldwide average statutory corporate tax rate has consistently
decreased since 1980, with the largest decline occurring in the early 2000s.
• The average statutory corporate tax rate has declined in every region since
Global Policy Analyst