Corporate Income Tax Rates Decreased Globally Over Last 20 Years

Income tax rates for companies have decreased on average over the past 23 years, according to a report on corporate tax statistics released by the OECD on Tuesday.

Among 141 countries, the statutory income tax rate decreased from 28.2% in 2000 to 21.1% in 2023, according to the report. Twenty-seven of the 141 countries covered in the report had corporate tax rates equal to or above 30% in 2023. Malta and Colombia reported the highest corporate tax rates, both at 35%.

This year, 12 countries had no corporate tax rate, ...