President Joe Biden has pointed to corporate tax rates as one way to raise federal revenue, while critics of that plan — including the National Association of Manufacturers — have said doing so would make the U.S. much less competitive and cost American jobs.
HowMuch.net has published this infographic to compare corporate tax rates across the globe. The U.S. is currently in the middle of the pack with a top statutory corporate tax rate of 25.77%. Meanwhile, the Tax Foundation notes that corporate rates globally have declined over the past four decades. 5/18/2021