Tax & Spend
Global Corporate Tax Rates Stabilize After Decades of Decline
- New data still highlights risk of tax avoidance, OECD says
- Global firms’ revenue per employee higher in low-tax states
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Corporate tax rates are showing signs of stabilization after decades of governments slashing levies in a global competition to lure investment from multinational firms.
According to data released by the OECD, the average combined statutory tax rate in its sample of over 160 countries was unchanged at 20% this year. The stabilization may also be a response to fiscal challenges countries face after vast spending programs during the Covid pandemic, it said.