World's highest corporate tax rates

Tax Tips for the Self-Employed. Find Out More About Your Taxes! Other countries with higher than average corporate tax rates include India ( ), Venezuela ( ), Brazil ( ) and Japan ( 3 ). Please note that there is also a regional (canton) and a local (commune) tax rate.

For instance, the total highest rate in the Canton of Vau in Lausanne is 49.

Corporate tax rates can vary significantly by region. Africa has the highest average statutory tax rate among all regions, at 28. Europe has the lowest average statutory corporate tax rate among all regions, at 18. When weighted by GDP, South America has the highest average statutory corporate tax rate at 32. Next, we’ll take a look at corporate tax rates around the globe.

KPMG’s corporate tax table provides a view of corporate tax rates around the world. The long answer: The U. Net profits remitted to foreign head office of branch subject to withholding tax.

Bahamas No income tax. Belgium is paying income tax on its total income. It is a big country, which manages the heavy population of over Million people. Aside from taxes collected at the federal level, taxes are also collected at the local level, as well as the state level.

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KPMG ’s corporate tax table provides a view of corporate tax rates around the world. As of Sunday, April the United States will have the highest corporate tax rate in the world. Use our interactive Tax rates tool to compare tax rates by country, jurisdiction or region. This new record is not something that would make most Americans proud. BBD million of taxable income to on amounts in excess of BBD million.

Insurance companies taxed at or , depending on license classification. Instea Greece is a tax hazard.

Greece ranks as the 15th largest economy in the European Union, but it also takes the 13th spot among the world’s highest tax countries with a high tax rate of. To put this into perspective, Greece has a tax rate that is almost three times higher than the tax rate in the country of Georgia. Income is taxed at progressive rates of 36. Japan has the highest income tax rate in the whole of Asia, where the average is only at percent.

Note however that the high rate only kicks in at $2288 which is an extremely high income level in a country where the average income is $5200. They find enough tax loopholes that their effective rate is just about.