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Global Corporate Tax Rates

July 26, 2012
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The United States currently has one of the highest corporate tax rates in the world, with a federal statutory tax rate of 35%.  The average corporate tax rate internationally is approximately 25% for all countries and 27% for the 15 countries with the highest GDPs.  Germany and Canada charge only 15%.

Below are the corporate tax rates for the 15 countries with the highest gross domestic product (GDP) for 2011.

These figures represent the federal rate at which corporations are taxed.  However, many countries have local taxes as well, which increase the overall tax rate. In the United States, state taxes increase the overall tax rate for corporations to 39.1%, according to the OECD.  Japan used to have an overall rate of 39.5%, but they reduced it to 38% in April of this year, making the U.S. rate highest in the world.