Visualizing the Countries With the Highest Corporate Tax Rates


This post is by Dorothy Neufeld from Visual Capitalist


See this visualization first on the Voronoi app.

This circie graphic shows the countries with the highest corporate tax rate in 2023.

Countries With the Highest Corporate Tax Rate Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. In 1980, the global average corporate tax rate stood at 40.2%—a level notably higher than today. Over the last several decades, corporate tax rates have declined across every region, with the average now falling at 23.5% as of 2023. As tax rates have sunk lower, U.S. Treasury Secretary Janet Yellen and others have called for a global minimum corporate tax to prevent multinationals from sheltering profits in tax havens. But on the other hand, some argue that lower corporate rates allow corporations to report more income and boost real business activities. The above graphic, from Pranav Gavali, shows the countries with the highest corporate tax rates since 1980.

What are the Top 10 Countries by Corporate Tax Rates?

Below, we show how countries with the highest corporate taxes have changed over the last four decades, based on data from the Tax Foundation:
RankCountryCorporate Tax Rate
2023
CountryCorporate Tax Rate
1980
1🇰🇲 Comoros50.0%🇬🇭 Ghana60.0%
2🇵🇷 Puerto Rico37.5%🇮🇳 India60.0%
3🇸🇷 Suriname36.0%🇨🇳 China55.2%
4🇦🇷 Argentina35.0%🇵🇰 Pakistan55.0%
5🇹🇩 Chad35.0%🇵🇪 Peru55.0%
6🇨🇴 Colombia35.0%🇦🇹 Austria55.0%
7🇨🇺 Cuba35.0%🇬🇧 United Kingdom52.0%
8🇬🇶 Equatorial Guinea35.0%🇨🇩 DRC50.0%
9🇲🇹 Malta35.0%🇫🇷 France (Read more…)