These Are The Countries With The Highest Corporate Tax Rates In 1980, the global average corporate tax rate stood at 40.2% - a level notably higher than today Over the last several decades, corporate tax rates have declined across every region, with the average now falling at 23.5% as of 2023. As tax rates have sunk lower, U.S. Treasury Secretary Janet Yellen and others have called for a global minimum corporate tax to prevent multinationals from sheltering profits in tax havens. ... Read this story
