Corporate Tax Rates around the World, 2020 by Elke Asen published by Tax Foundation (12/2020).
In 2020, 10 countries made changes to their statutory corporate income tax rates. One country—Micronesia—increased its top corporate tax rate, while nine countries—Armenia, Belgium, Colombia, France, French Polynesia, Greenland, Monaco, Togo, and Zimbabwe—reduced their corporate tax rates.
Comoros (50 percent), Puerto Rico (37.5 percent), and Suriname (36 percent) are the countries 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 corporate tax.
The worldwide average statutory corporate income tax rate, measured across 177 jurisdictions, is 23.85 percent. When weighted by GDP, the average statutory rate is 25.85 percent.
Europe has the lowest regional average rate, at 19.99 percent (24.61 percent when weighted by GDP). Conversely, Africa has the highest regional average statutory rate, at 28.50 percent (28.16 percent weighted by GDP).
The average top corporate rate among EU27 countries is 21.47 percent, 23.51 percent in OECD countries, and 27.24 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 1980…”
