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US: 21% China: 15%/25% Japan: 29.74% Germany: 29.65% UK: 19% France: 26.5% India: 15%/22% Italy: 27.9% Countries with two values listed have different r
by sharkjacobs 5y ago
US: 21%
China: 15%/25%
Japan: 29.74%
Germany: 29.65%
UK: 19%
France: 26.5%
India: 15%/22%
Italy: 27.9%
Countries with two values listed have different rates for different types of companies e.g. China has a lower rate for “high-tech” companies
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates
- glogla 5y agoThat makes this sound more like a corporate win - 15 % is already the lowest one, and this agreement can be used as a way to wiggle out from something more useful, like revenue tax or VAT.
- ArnoVW 5y agoThese countries were not the problem cases. If you compare it with Ireland however : https://en.m.wikipedia.org/wiki/Corporation_tax_in_the_Republic_of_Ireland https://en.m.wikipedia.org/wiki/Corporation_tax_in_the_Repub... "Ireland's "headline" corporation tax rate is 12.5%, however, foreign multinationals pay an aggregate § Effective tax rate (ETR) of 2.2–4.5% on global profits "shifted" to Ireland, via Ireland's global network of bilateral tax treaties."