April 07, 2021
On top of the global debate about enacting a minimum global tax for multinational corporations, there's another growing movement in a host of countries for all firms to pay their fair share in taxes, whether they do business abroad or not. Many US corporations are notorious for getting away with paying little to no federal taxes by taking advantage of multiple loopholes in the tax code — which is true for a lot of them. However, as a whole the average percentage of income US corporations do pay taxes on — their effective tax rate — is in reality not much lower than the legal national rate due to additional taxes levied by some US states and cities — the same as in many other developed economies. We compare the official and the effective corporate tax rates in some nations around the world.
More For You
Our sharing success program reflects BofA’s commitment to teammates and driving economic opportunity for employees and communities. The Proof: Since 2017, our program has awarded nearly $6.8B to employees—recognizing their contributions and investing in their future. Learn more.
Most Popular
Walmart sponsored posts
Walmart’s commitment to US-made products
Sponsored posts
Building community-first AI infrastructure
- YouTube
At the 2026 World Economic Forum, GZERO's Tony Maciulis spoke with Matthew Blake, Managing Director at the World Economic Forum, about a defining transition for Davos and the state of the global economy.
- YouTube
Checking in from the 2026 World Economic Forum in Davos, Ian Bremmer breaks down a deepening crisis in the transatlantic relationship as President Trump escalates pressure on Europe over Greenland.
- YouTube
President Trump’s second term has rapidly reshaped global politics, with the US wielding power more aggressively, targeting weaker countries and even allies, Stephen Walt explains on GZERO World.
© 2025 GZERO Media. All Rights Reserved | A Eurasia Group media company.
