Global Tax Rates and Inequality NEW

By pjain      Published June 30, 2020, 6:35 p.m. in blog Geo-Politics   

Country Corp Tax Income low Income High Sales SocialSecurity Notes
Bahamas 0 0 0 12 8.8
HKO 16.5 0 15 0
Isle of Man 0 10 20 20
Macau 12 0 12 0
Singapore 17 0 22 7 20
Ireland 12.5 20 40 15-23 12
Switzerland 18 0 50 9 --- Freedom Economies
Taiwan 20 5 40 5
S. Korea 24 8 53 10
Canada 12-38 20-30 50% 5-15%
New Zealand 28 10.5 33 15
Australia 30% 0% 45% 10%
China 68 0 45 16 ---Dictatorial
Russia 20 13 47 20 2+
Bangladesh 35 0 25 15 ? --- South Asia
India 25 5% Re250k 20%>500k 30%>Re1m 12-28%
Indonesia 25 5 30 10
Nepal 25 0 36 13 1
Pakistan 31 7.5 31 17 Lots of Cheating - only salaried organized sector really pays
South Africa 28 0 45 15
Sri Lanka 15-30 0 15 12
Thailand 20 0 35 7
Vietnam 20 5 35 10
Mexico 30 2 35 16 ----- Americas-----
Brazil 34 0 27.5 17-25
USA 21+0-12 state 10 37+5-10 state 0-11.7 10%
Japan 30 15 56 10 ? ---Developed Majors---
Finland 20 0 55 20 8%
Poland 19 17 32 23
Norway 23 0 23 25 8.2
Netherlands 25 36.5 50 21
Austria 25% 0% 55% 20%
Luxembourg 29 8 46 17
Germany 30 14 50 19
Belgium 30 25 50 21 ?
Sweden 21.5 32 57 25
Portugal 21 14.5 48 23 11
Spain 25 0 45 21
France 31 0 50 20
Italy 28 23 47 22 Heavy tax cheating is common
UK 19 9 47 20
Kuwait 0 0 0 0 ---- Mideast----
UAE 0 0 0 5
Saudi Arabia 5 2.5 2.5 15
Qatar 10 0 0 0
Turkey 22 15 40 18
Israel 23 11.5 50 17
  • Generally sorted from low to high by Corp tax within region
  • Corp Tax excludes dividend taxes
  • Income tax rates are the lowest and highest marginal taxation rates
  • Sales tax can be direct or VAT or GST - focus is on standard rates, however often food is tax-free, basic items are less, and tourists may get discount

Corporate Tax rates declining across the world

Over time, more countries have shifted to taxing corporations at rates lower than 30 percent, with the United States following this trend with its tax changes at the end of 2017.


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