Effective Corporate Tax Rate Falling
Posted by Andrew Jackson under corporate income tax.
October 18th, 2012
Comments: 2
Further to my earlier post critiquing the recent Mintz study - which argued that cuts in corporate tax rates are not significantly denting corporate tax revenues – I looked up the effective corporate tax rate (income tax paid as a percentage of taxable corporate income.) Here is what shows up on CANSIM 180-0003.
2006 – 31.0%
2007 – 29.9%
2008 – 27.5%
2009 – 27.0%
Does anyone detect a trend?
Comments
Comment from Patrick Waters
Time: November 3, 2012, 11:58 am
>>Does anyone detect a trend?
Yes. A rate which is absurdly high by OECD standards was even higher a few years ago.
Comment from Daniel Petrovic
Time: December 3, 2012, 11:46 am
Patric Waters,
just checked out data on corporate taxes on OECD website (OECD Tax Database, C. Corporate and Capital Income Taxes, Basic (non-targeted) corporate income tax rates).
Your statement did not bear out. Corporate taxation in OECD countries ranges from 12.5% in Ireland to 39.5% in Japan. Note that in Greece the rate is 20%.
Would you like to live in Greece or Ireland?
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