By / December 4, 2020

Average corporate income tax rates by country income group

Average corporate income tax rates by country income group

Average corporate income tax rates by country income group

Critically, hyperglobalisation has spilled over into national taxation regimes, which have been characterised by a ‘competition for capital’ at the global level. This has led to a reduction in the tax bases that, in turn, decreases the financial space for nation states to deal with the challenges posed by globalisation. Corporate income tax rates decreased by almost 50 % since 1990, because of competition between countries to retain domestic, and attract foreign, firms and investment in a context of increasing capital mobility


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