international corporate tax rates
Corporate Tax Rates, January 2001, %
Canada: 42.1%
Japan: 42%
Italy: 40%
Belgium: 39.8%
United States:39.7%
Germany: 39.4%
France: 35%%
Greece: 34.8%
Netherlands: 34%%
Australia: 33%
Austria: 33%
Denmark: 30%
Britain: 29.9%
Sweden: 28.5%%
Switzerland: 26%%
Ireland: 20%%
http://www.pbs.org/now/politics/corptax.html
Corporate Tax Rates and Yours
This whole debate over off-shore shell companies, and how they're used to avoid taxes, is taking place against the bigger backdrop of an overall decline in the amount of taxes paid by U.S. Corporations. In 1960, corporations paid 24% of all federal taxes. In the 1970's, that share fell to 15%. As recently as 1996, it was 12%. Now, corporate taxes make up only about 8% of U.S. revenues. That, Bob McIntyre, of Citizens for Tax Justice, says, is the result of all sorts of loopholes and laws, written by politicians friendly to corporations.
US actual corporate tax rates,Citizens for Tax Justice has compiled the U.S. profits, federal income taxes and taxes paid for ten major American corporations. Click on the image below to compare the personal tax rate for an American family of four and corporate tax rates of some of the country's largest companies for 1999-2000.
javascript:openWindow('taxes_pop/index.html','popop', 590, 458);
Microsoft 1.8%
GE 13.3%
Ford 5.7
Worldcom 2.9
IBM 12.4
GM (minus) -1.2%
Enron (minus) -39.5%
ElPaso Energy(minus) -26.6
Colgate-Palmolive 0.9
Navistar 2.4%
Did you notice that there are only four countries on that list with higher corporate tax rates than the U.S.? Congrats on contradicting yourself ("in the case of Germany, the taxes are higher than US taxes"), and pointing out that for a U.S. business to sell goods in Germany, France, Greece, Netherlands, Australia, Austria, Denmark, Britain, Sweden, Switzerland, and Ireland requires them to pay additional taxes to the U.S. government that their competitors don't have to.