The countries with the lowest corporate tax rates
Affluent nations that boast the most business-friendly tax regimes

Following the uncertainty brought on by the coronavirus pandemic and Brexit, as well as the fact many countries have now sunk into recession, business owners need to stretch their profits as far as possible. Basing your company in a country with minimal corporate tax is one sure-fire way to do that. With a number of countries having slashed their tax rates in the past couple of years, there are plenty of nations looking to lure in foreign investment with attractive perks. Click or scroll through to see the 31 OECD nations with the lowest company tax rates.
Joint 26th. Austria: 25%

Joint 26th. Netherlands: 25%

Joint 26th. Belgium: 25%

Joint 26th. Spain: 25%

Joint 26th. South Korea: 25%

Joint 26th. Chile: 25%

Joint 24th. Italy: 24%

Joint 24th. Greece: 24%

23. Japan: 23.2%

22. Israel: 23%

Rather than impose a flat corporate tax rate that can penalise small businesses, Israel cuts tech companies some slack by taxing them at just 6% on their annual profit. Otherewise, firms in the country pay the higher rate of 23%, which was brought down from 24% in 2018.
Joint 19th. Norway: 22%

Joint 19th. Denmark: 22%

Joint 19th. Turkey: 22%

18. Sweden: 21.4%

Joint 16th. USA: 21%

Joint 16th. Slovakia: 21%

Joint 12th. Finland: 20%

Joint 12th. Estonia: 20%

Joint 12th. Iceland: 20%
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Joint 12th. Latvia: 20%

Joint 8th. Czech Republic: 19%

Joint 8th. Poland: 19%

Joint 8th. United Kingdom: 19%

Joint 8th. Slovenia: 19%

7. Luxembourg: 18.19%

6. Germany: 15.83%

Joint 4th. Canada: 15%

Canada's low corporate tax rate of 15% had enticed countless US firms, but the country's appeal to American companies started to wane following the Trump administration's dramatic corporate tax cut. Capital started to head south and the country has struggled to hold on to companies, particularly in the oil and gas sector where new regulations have driven out more than $30 billion (£23bn) of foreign investment.
Now read: The millionaires and billionaires who want to pay more tax
Joint 4th. Lithuania: 15%

3. Ireland: 12.5%

2. Hungary: 9%

1. Switzerland: 8.5%

Switzerland boasts the lowest corporate tax rate in the world on paper, with company profits being taxed at just 8.5% at the federal level. However, the country's cantons impose further taxes, which typically leads a firm’s corporate tax to somewhere between 11.9% and 21.6%, depending on its turnover.
Now read: Countries where people pay low taxes
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