A recent study by Duanjie Chen and Jack Mintz, School of Public Policy, University of Calgary is estimating the effective corporate tax rates in 80 countries. These effective rates are taking into account statutory rates plus tax base items that affect taxes paid on new investment, such as depreciation deductions, inventory allowances, and interest deductions.
The estimation is also including other taxes that impinge on investment, especially retail sales taxes on capital purchases. You can find a summary of this study here.
Effective corporate tax rates 2009
| Argentina | 41.7% | Switzerland | 16.8% |
| Chad | 40.8% | Botswana | 16.6% |
| Brazil | 36.5% | Ecuador | 16.4% |
| India | 35.7% | Netherlands | 16.3% |
| Uzbekistan | 35.5% | China | 16% |
| France | 34.4% | Uganda | 15.9% |
| Japan | 33.5% | Mexico | 15.8% |
| Korea | 32.6% | Peru | 15.2% |
| Spain | 30.9% | Israel | 15.1% |
| Canada | 28% | Jamaica | 15% |
| UK | 27.5% | Morocco | 14.9% |
| Italy | 27.2% | Bangladesh | 14.6% |
| Russia | 26.7% | Magadascar | 14.3% |
| Australia | 25.9% | South Africa | 14.2% |
| Austria | 25.2% | Hungary | 13.6% |
| Pakistan | 25% | Poland | 13.6% |
| Germany | 24.4% | Czech Rep. | 13.4% |
| Lesotho | 24.2% | Chile | 13.3% |
| Costa Rica | 23.9% | Trinidad | 13.3% |
| Norway | 23.8% | Nigeria | 12.8% |
| Bolivia | 23.6% | Ghana | 12.4% |
| Indonesia | 22.3% | Ireland | 12.3% |
| Tunisia | 22% | Slovak Rep. | 12.2% |
| Sierra Leone | 21.1% | Vietnam | 12.2% |
| Fiji | 20.8% | Greece | 12% |
| Tanzania | 20.4% | Croatia | 9.8% |
| Zambia | 20.3% | Iceland | 9.6% |
| Iran | 19.9% | Egypt | 9.2% |
| Finland | 19.6% | Kenya | 9.1% |
| Sweden | 19.5% | Romania | 8.9% |
| Malaysia | 18.6% | Singapore | 8.8% |
| Portugal | 18.6% | Ethiopia | 8% |
| Luxembourg | 18.4% | Mauritius | 7% |
| Thailand | 18.4% | Turkey | 4.1% |
| Jordan | 18.4% | Bulgaria | 4.1% |
| Denmark | 18.2% | Latvia | 3.8% |
| New Zealand | 18.7% | Ukraine | 3.7% |
| Georgia | 17.6% | Serbia | -5.4% |
| Rwanda | 17.4% | Belgium | -6.5% |
| Kazachstan | 17.2% | ||
| USA | 35% |
Average of 80 nations |
18.2% |
