Corporate Tax impeding job creation: source OECD

Basic Corporate Tax rates in OECD countries reveal a number of countries which effectively put a handbrake on business creation. For some these are the rates which apply for all businesses, even if they are very small – they don’t provide help for small business, so how can they expect job creation? 

                     
                     
    Central government corporate income tax rate 2   Adjusted central government corporate income tax rate    Sub-central government corporate income tax rate 4   Combined corporate income tax rate 5   Targeted corporate tax rates  6
           
           
Country          
                     
                     
Australia*   30.0   30.0       30.0   Y
Austria   25.0   25.0       25.0   N
Belgium*   33.99 (33.0)   34.0       34.0   Y
Canada   15.0   15.0 14.0 11.3   26.1   Y
Chile*   20.0   20.0       20.0   Y
Czech Republic   19.0   19.0       19.0   Y
Denmark   25.0   25.0       25.0   N
Estonia*   21.0   21.0       21.0    
Finland   24.5   24.5       24.5   N
France*   34.4   34.4       34.4   Y
Germany*   15,825 (15,0)   15,825   14.4   30.2   N
Greece   26.0   26.0       26.0   Y
Hungary*   19.0   19.0       19.0   Y
Iceland*    20.0   20.0       20.0   Y
Ireland   12.5   12.5       12.5   Y
Israel*   25.0   25.0   0.0   25.0   Y
Italy*   27.5   27.5       27.5   N
Japan*   28.05(25.5)   26.2   10.8   37.0   Y
Korea   22.0   22.0    2.2   24.2   Y
Luxembourg*   22,47 (21,0)   22.5    6.8   29.2   Y
Mexico   30.0   30.0       30.0   Y
Netherlands*   25.0   25.0       25.0   Y
New Zealand*   28.0   28.0       28.0   N
Norway   28.0   28.0       28.0   Y
Poland*   19.0   19.0       19.0   N
Portugal*   25.0   30.0    1.5   31.5   Y
Slovak Republic   23.0   23.0       23.0   N
Slovenia   17.0   17.0       17.0    
Spain   30.0   30.0       30.0   Y
Sweden       22.0   22.0       22.0   N
Switzerland*   8.5    6.7   14.4   21.1   N
Turkey   20.0   20.0       20.0   N
United Kingdom*   23.0   23.0       23.0   Y
United States*   35.0   32.8    6.3   39.1   Y
                     

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