OECD Reports Global Corporate Tax Rates Still Stable at 21%

Corporate tax rates have stayed nearly the same since 2019, stopping a long-term decline over the last two decades, OECD reported Thursday.

The Organization for Economic Cooperation and Development found that statutory corporate tax rates across 143 countries have remained stable from 2019 to 2024 with the average at 21.7% in 2019 and 21.1% in 2024, according to an annual update of a corporate tax statistics database.

Corporate tax rates are below historic levels but the tax is still an important revenue raiser for countries, making up about 16% of total tax collections on average in 2021.

OECD ...