5 Countries With The Highest Corporate Tax Rates

In this article we are going to list the 5 countries with the highest corporate tax rates. For a detailed coverage of this topic and a more comprehensive look please head on over to 15 countries with the highest corporate tax rates.

4. Malta

Average tax rate over the past decade (2011-2020): 35%

Over the past decade, Malta has applied a flat 35% corporate tax rates on any corporations operating within the country.

4. Congo

Average tax rate over the past decade (2011-2020): 35%

In Congo, companies are taxed on territorial principle, which means that companies which are engaged in any business outside the country are not taxed on the income earned from such business.

3. Suriname

Average tax rate over the past decade (2011-2020): 35.44%

Suriname is among the countries with the highest corporate tax rates in the world, where currently both resident and non-resident companies are taxed at 36%.

2. United States of America

Average tax rate over the past decade (2011-2020): 36.1%

Till 2017, the corporate tax rate in the US on average was 40% which has now fallen to 27% over the past few years. This is the result of successful lobbying by major corporations in the country, which means that the biggest companies in the US now have to pay a lot less tax. The change came as a result of the Tax Cuts and Jobs Act, which was one of the first legacies of the Donald Trump era, who is well-known for being friendly to major corporations. Now that the Presidency has changed as has the majority in Senate, the tax rate may increase again in the near future for corporations.

1. United Arab Emirates

Average tax rate over the past decade (2011-2020): 55%

Easily topping the lost of the 5 countries with the highest corporate tax rates is the UAE, which is also so rich that it doesn’t tax individuals. It is the only country in the world to have an average tax rate of more than 50%, and the percentage hasn’t changed at least since 2010, which is incredible.

See also: 14 states that don’t tax pension and social security and 25 states that get more in federal payments than taxes paid