With both economic growth and corporate profits under extreme pressure these days, corporate tax rates are under greater scrutiny around the globe.
The Organization for Economic Cooperation and Development(OECD) has tracked corporate tax data from its member countries every year since 1981. The tax rates listed here are “combined corporate income tax rates,” a number that includes both national and local levies.
It should be noted that the OECD only compiles corporate tax data on its 30 member countries,which do not include the BRIC nations, as these countries are not currently full members.
So, which countries have the highest corporate tax rates? Click ahead to find out! And in case you were wondering, the lowest rates for OECD member countries are in Ireland (12.5%) and Iceland (15%). GDP growth forecasts are from the IMF, unless otherwise noted.
By Paul Toscano
Posted 14 Dec 2010