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1 Kyle Pomerleau, Corporate Income Tax Rates around the World, 2015 1 (2015)

handle is hein.taxfoundation/citxrwo0001 and id is 1 raw text is: FouNDIoN Corporate Income Tax Rates FISCAL around the World, 2015 FACT Sept.2015 By Kyle Pomerleau No. 483 Economist Key Findings The United States has the third highest general top marginal corporate income tax rate in the world at 39 percent, which is the same as Puerto Rico and is exceeded only by Chad and the United Arab Emirates. The worldwide average top corporate income tax rate (accounting for 173 countries and tax jurisdictions) is 22.9 percent, 29.8 percent weighted by GD R By region, Europe has the lowest average corporate tax rate at 18.7 percent (26.1 percent weighted by GDP). Africa has the highest simple average at 28.77 percent. Larger, more industrialized countries tend to have higher corporate income tax rates than developing countries. The worldwide average corporate tax rate has declined since 2003 from 30 percent to 22.9 percent. Every region in the world has seen a decline in its average corporate tax rate in the past twelve years. The Tax Foundation is a 501(c)(3) non-partisan, non-profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, D.C., our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. ©2015 Tax Foundation Distributed under Creative Commons CC-BY-NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org