Tough Taxes
10/02/2017 |
Compared to 188 other countries and taxing jurisdictions, the US has the third highest corporate tax rate. The highest rate belongs to the United Arab Emirates at 55%, followed by Puerto Rico (a US territory) at 39% and the USA at 38.9% (after including the average state rate). The only large nations with rates close to ours: India at 34.6% and France at 34.4%. The worldwide GDP-weighted-average rate; just 29.5%!