Effective Tax Rate for World’s Biggest Firms Has Halved: Chart

A trawl of 30 years of market and company data shows that the world’s biggest firms are doing great -- but that might not be such good news for everybody else, according to research by Bloomberg Economics. One expression of the rising power of corporate giants is greater ability to resist the call of the tax man. Reflecting the combined impact of lower tax rates and ruthless tax optimization strategies, the median effective tax rate for the world’s biggest firms has halved -- dropping from 35% in 1990 to 17% in 2020.

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