🇸🇦 Saudi Arabia & Russia Have the Lowest Corporate Taxes in the G20

What We’re Showing

This graphic ranks the G20 countries by their highest corporate tax rates. Data is sourced from Trading Economics, accessed June, 2024. Data for the EU and the African Union (both G20 members) has not been included.

Key Takeaways

• BRICS countries cover the spectrum of corporate tax rates from highest (India, Brazil) to middle of the pack (South Africa, China) to lowest (Russia).
• The U.S. has the third-lowest corporate tax rate in the G20.