Economy
๐ธ๐ฆ Saudi Arabia & Russia Have the Lowest Corporate Taxes in the G20
What Weโre Showing
This graphic ranks the G20 countries by their highest corporate tax rates. Data is sourced from Trading Economics, accessed June, 2024. Data for the EU and the African Union (both G20 members) has not been included.
Key Takeaways
- BRICS countries cover the spectrum of corporate tax rates from highest (India, Brazil) to middle of the pack (South Africa, China) to lowest (Russia).
- The U.S. has the third-lowest corporate tax rate in the G20.
Dataset
G20 Member | Corporate Tax Rate |
---|---|
๐ฆ๐ท Argentina | 35% |
๐ฎ๐ณ India | 35% |
๐ง๐ท Brazil | 34% |
๐ฏ๐ต Japan | 31% |
๐ฆ๐บ Australia | 30% |
๐ฉ๐ช Germany | 30% |
๐ฒ๐ฝ Mexico | 30% |
๐จ๐ฆ Canada | 27% |
๐ฟ๐ฆ South Africa | 27% |
๐จ๐ณ China | 25% |
๐ซ๐ท France | 25% |
๐น๐ท Tรผrkiye | 25% |
๐ฌ๐ง UK | 25% |
๐ฎ๐น Italy | 24% |
๐ฐ๐ท South Korea | 24% |
๐ฎ๐ฉ Indonesia | 22% |
๐บ๐ธ U.S. | 21% |
๐ท๐บ Russia | 20% |
๐ธ๐ฆ Saudi Arabia | 20% |
Data sources
EU and African Union not included. Figures rounded. Data accessed June 2024.
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