International Comparisons of Corporate Income Tax Rates

Congressional Budget Office

No 52419, Reports from Congressional Budget Office

Abstract: In this report, CBO examines corporate tax rates—the statutory rates, as well as average and effective marginal rates—and the factors that affect them for the United States and other G20 countries. In 2012, the U.S. top statutory corporate tax rate was 39.1 percent with state taxes included, making it the highest in the G20. The average and effective corporate tax rates in the United States were lower—at 29 percent (third in the G20) and 19 percent (fourth in the G20), respectively.

JEL-codes: F23 H20 H25 (search for similar items in EconPapers)
Date: 2017-03-08
New Economics Papers: this item is included in nep-acc and nep-pbe
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Citations: View citations in EconPapers (9)

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