Governments unite on corporation tax
In 2021, governments from 136 countries pledged to create a minimum global corporation tax rate of at least 15% for rich multinational enterprises (MNEs) by 2023.
The historic agreement was led by the Organisation for Economic Co-operation and Development (OECD), which revealed that around $150 billion (£109bn) could be generated annually by the new rules, helping economies recover from COVID-19.
With that in mind, read on to find out how much corporate income tax (CIT) 30 major countries – including the G7 – currently charge businesses. All dollar amounts in US dollars.
3 August 2023