Global Tax Policy and Controversy

Tax Rates

  • Share

Corporate income tax (effective rate paid)

Jurisdiction
2016
2017
Notes
% of change in 2017
Indicator
Argentina
35.0%
35.0%
 
0.0%
No change
Australia
30.0%
30.0%
 
0.0%
No change
Brazil
34.0%
34.0%
 
0.0%
No change
Canada
27.84%
26.6%
Provincial rates vary from from 26 percent (BC) to 27% (Alberta).
0.0%
No change (at federal level)
China
25.0%
25.0%
 
0.0%
No change
France
38.0%
34.4%
 
-9.4%
No change
Germany
30.0%
30.0%
Comprises the national corporate tax rate of 15%; a solidarity surcharge of 5.5%; and a trade tax (local) between 7% and 19.25%, depending on the region of Germany. The total average is ~30%.
0.0%
No change
India
43.3%
43.3%
Domestic company income tax rate is 30% and will gradually be reduced to 25% over the next three years. Rate shown to left is for foreign companies, and is inclusive of surcharge and education cess.
0.0%
No change
Italy
31.4%
27.9%
The corporate income tax (imposta sul reddito delle società, or IRES) rate is 27.5%. However, the 2016 Budget Law provides that, except for banks and other financial entities, the IRES rate is reduced to 24% effective from the 2017 fiscal year (fiscal years beginning after 31 December 2016). A regional tax on productive activities (imposta regionale sulle attività produttive, or IRAP) is imposed on the net value of production and the basic tax rate is 3.9%. Different rates apply to certain sectors.
-11.1%
No change
Japan
30.0%
30.0%
National rate is 23.4%; 29.97% is the effective tax rate when federal and local (Tokyo) taxes are taken into account.
0.0%
No change
Mexico
30.0%
30.0%
 
0.0%
No change
Netherlands
25.0%
25.0%
 
0.0%
No change
Russia
20.0%
20.0%
 
0.0%
No change
Saudi Arabia
20.0%
20.0%
 
0.0%
No change
South Africa
28.0%
28.0%
 
0.0%
No change
South Korea
22.0%
22.0%
 
0.0%
No change
Turkey
20.0%
20.0%
 
0.0%
No change
United Kingdom
20.0%
19.0%
19% from 1 April 2017.
-5.0%
No change
United States
39.0%
39.0%
 
0.0%
No change
 
 

Personal income tax (highest marginal rate)

Jurisdiction
2016
2017
% of change in 2017
Indicator
Argentina
35.0%
35.0%
0.00%
No change
Australia
49.0%
47.0%
-4.08%
Decrease
Brazil
27.5%
27.5%
0.00%
No change
Canada
54.0%
51.7%
0.00%
No change
China
45.0%
45.0%
0.00%
No change
France
45.0%
45.0%
0.00%
No change
Germany
45.0%
45.0%
0.00%
No change
India
Personal income tax (highest marginal rate)
30.0%
30.0%
0.00%
No change
Italy
47.2%
47.2%
0.00%
No change
Japan
45.0%
45.0%
0.00%
No change
Mexico
35.0%
35.0%
0.00%
No change
Netherlands
52.0%
52.0%
0.00%
No change
Russia
35.0%
35.0%
0.00%
No change
Saudi Arabia
20.0%
20.0%
0.00%
No change
South Africa
41.0%
41.0%
0.00%
No change
South Korea
38.0%
38.0%
0.00%
No change
Turkey
35.0%
35.0%
0.00%
No change
United Kingdom
45.0%
45.0%
0.00%
No change
United States
39.6%
39.6%
0.0%
No change
 

VAT/GST/sales tax

Jurisdiction
2016
2017
% of change in 2017
Indicator
Argentina
21.0%
21.0%
0.00%
No change
Australia
10.0%
10.0%
0.00%
No change
Brazil
18.0%
18.0%
0.00%
No change
Canada
5.0%
5.0%
0.00%
No change
China
17.0%
17.0%
0.00%
No change
France
20.0%
20.0%
0.00%
No change
Germany
19.0%
19.0%
0.00%
No change
India
12.5%
12.5%
0.00%
No change
Italy
22.0%
22.0%
0.00%
No change
Japan
8.0%
8.0%
0.00%
No change
Mexico
16.0%
16.0%
0.00%
No change
Netherlands
21.0%
21.0%
0.00%
No change
Russia
18.0%
18.0%
0.00%
No change
Saudi Arabia
 
 
 
 
South Africa
14.0%
14.0%
0.00%
No change
South Korea
10.0%
10.0%
0.00%
No change
Turkey
18.0%
18.0%
0.00%
No change
United Kingdom
20.0%
20.0%
0.00%
No change
United States
0.0%
0.0%
0.0%
No change