Tapuriah Jain & Associates

GLOBAL CORPORATE TAX RATES

Location	2006	2007	2008	2009	2010	2011	2012	2013	2014
Afghanistan	0	20	20	20	20	20	20	20	20
Albania	20	20	10	10	10	10	10	10	15
Algeria	0	0	0	0	0	0	0	25	19
Angola	35	35	35	35	35	35	35	35	35
Argentina	35	35	35	35	35	35	35	35	35
Armenia	20	20	20	20	20	20	20	20	20
Aruba	35	28	28	28	28	28	28	28	28
Australia	30	30	30	30	30	30	30	30	30
Austria	25	25	25	25	25	25	25	25	25
Bahamas	0	0	0	0	0	0	0	0	0
Bahrain	0	0	0	0	0	0	0	0	0
Bangladesh	30	30	30	27.5	27.5	27.5	27.5	27.5	27.5
Barbados	25	25	25	25	25	25	25	25	25
Belarus	24	24	24	24	24	24	18	18	18
Belgium	33.99	33.99	33.99	33.99	33.99	33.99	33.99	33.99	33.99
Bermuda	0	0	0	0	0	0	0	0	0
Bolivia	0	0	0	0	25	25	25	25	25
Bonaire, Saint Eustatius and Saba	0	0	0	0	0	0	0	0	0
Bosnia and Herzegovina	10	10	10	10	10	10	10	10	10
Botswana	25	25	25	25	25	22	22	22	22
Brazil	34	34	34	34	34	34	34	34	25
Bulgaria	15	10	10	10	10	10	10	10	10
Cambodia	0	0	0	0	20	20	20	20	20
Canada	36.1	36.1	33.5	33	31	28	26	26	26.5
Cayman Islands	0	0	0	0	0	0	0	0	0
Chile	17	17	17	17	17	20	18.5	20	20
China	33	33	25	25	25	25	25	25	25
Colombia	35	34	33	33	33	33	33	25	25
Costa Rica	30	30	30	30	30	30	30	30	30
Croatia	20	20	20	20	20	20	20	20	20
Curacao	0	0	0	0	0	34.5	27.5	27.5	27.5
Cyprus	10	10	10	10	10	10	10	12.5	12.5
Czech Republic	24	24	21	20	19	19	19	19	19
Denmark	28	25	25	25	25	25	25	25	24.5
Dominican Republic	30	25	25	25	25	29	29	29	28
Ecuador	25	25	25	25	25	24	23	22	22
Egypt	20	20	20	20	20	20	25	25	25
El Salvador	0	0	0	0	0	0	30	30	30
Estonia	23	22	21	21	21	21	21	21	21
Fiji	31	31	31	29	28	28	28	20	20
Finland	26	26	26	26	26	26	24.5	24.5	20
France	33.33	33.33	33.33	33.33	33.33	33.33	33.33	33.33	33.33
Georgia	0	0	0	0	0	0	0	15	15
Germany	38.34	38.36	29.51	29.44	29.41	29.37	29.48	29.55	29.58
Ghana	0	0	0	0	0	0	0	25	25
Gibraltar	35	35	33	27	22	10	10	10	10
Greece	29	25	25	25	24	20	20	26	26
Guatemala	31	31	31	31	31	31	31	31	28
Guernsey	0	0	0	0	0	0	0	0	0
Honduras	30	30	30	30	25	35	35	35	30
Hong Kong SAR	17.5	17.5	16.5	16.5	16.5	16.5	16.5	16.5	16.5
Hungary	16	16	16	16	19	19	19	19	19
Iceland	18	18	15	15	18	20	20	20	20
India	33.66	33.99	33.99	33.99	33.99	32.44	32.45	33.99	33.99
Indonesia	30	30	30	28	25	25	25	25	25
Iraq	0	0	0	0	0	0	0	15	15
Ireland	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5	12.5
Isle of Man	0	0	0	0	0	0	0	0	0
Israel	31	29	27	26	25	24	25	25	26.5
Italy	37.25	37.25	31.4	31.4	31.4	31.4	31.4	31.4	31.4
Jamaica	33.33	33.33	33.33	33.33	33.33	33.33	33.33	25	25
Japan	40.69	40.69	40.69	40.69	40.69	40.69	38.01	38.01	35.64
Jersey	0	0	0	0	0	0	0	0	0
Jordan	25	25	25	25	14	14	14	14	14
Kazakhstan	30	30	30	20	20	20	20	20	20
Kenya	0	0	0	0	0	0	30	30	30
Korea, Republic of	27.5	27.5	27.5	24.2	24.2	22	24.2	24.2	24.2
Kuwait	55	55	55	15	15	15	15	15	15
Latvia	15	15	15	15	15	15	15	15	15
Lebanon	0	0	0	0	0	0	0	15	15
Libya		40	40	40	40	20	20	20	20
Liechtenstein	0	0	0	0	0	12.5	12.5	12.5	12.5
Lithuania	15	15	15	20	15	15	15	15	15
Luxembourg	29.63	29.63	29.63	28.59	28.59	28.8	28.8	29.22	29.22
Macau	12	12	12	12	12	12	12	12	12
Macedonia	15	12	10	10	10	10	10	10	10
Malawi	0	0	0	0	0	0	30	30	30
Malaysia	28	27	26	25	25	25	25	25	25
Malta	35	35	35	35	35	35	35	35	35
Mauritius	25	22.5	15	15	15	15	15	15	15
Mexico	29	28	28	28	30	30	30	30	30
Montenegro	9	9	9	9	9	9	9	9	9
Morocco	0	0	0	0	0	0	0	30	30
Mozambique	32	32	32	32	32	32	32	32	32
Namibia	0	0	0	0	0	34	34	33	33
Netherlands	29.6	25.5	25.5	25.5	25.5	25	25	25	25
New Zealand	33	33	30	30	30	28	28	28	28
Nigeria	30	30	30	30	30	30	30	30	30
Norway	28	28	28	28	28	28	28	28	27
Oman	12	12	12	12	12	12	12	12	12
Pakistan	35	35	35	35	35	35	35	35	34
Panama	30	30	30	30	27.5	25	25	25	25
Papua New Guinea	30	30	30	30	30	30	30	30	30
Paraguay	10	10	10	10	10	10	10	10	10
Peru	30	30	30	30	30	30	30	30	30
Philippines	35	35	35	30	30	30	30	30	30
Poland	19	19	19	19	19	19	19	19	19
Portugal	27.5	25	25	25	25	25	25	25	23
Qatar	35	35	35	35	10	10	10	10	10
Romania	16	16	16	16	16	16	16	16	16
Russia	24	24	24	20	20	20	20	20	20
Samoa	29	27	27	27	27	27	27	27	27
Saudi Arabia	20	20	20	20	20	20	20	20	20
Serbia	10	10	10	10	10	10	10	15	15
Sierra Leone	0	0	0	0	0	0	0	0	30
Singapore	20	20	18	18	17	17	17	17	17
Sint Maarten (Dutch part)	0	0	0	0	0	34.5	34.5	34.5	34.5
Slovakia	19	19	19	19	19	19	19	23	22
Slovenia	25	23	22	21	20	20	18	17	17
South Africa	36.89	36.89	34.55	34.55	34.55	34.55	34.55	28	28
Spain	35	32.5	30	30	30	30	30	30	30
Sri Lanka	32.5	35	35	35	35	28	28	28	28
Sudan	35	30	15	15	15	35	35	35	35
Suriname	0	0	0	0	0	0	0	36	34.5
Sweden	28	28	28	26.3	26.3	26.3	26.3	22	22
Switzerland	21.3	20.63	19.2	18.96	18.75	18.31	18.06	18.01	17.92
Syria	35	28	28	28	28	28	28	22	22
Taiwan	25	25	25	25	17	17	17	17	17
Tanzania	0	0	0	30	30	30	30	30	30
Thailand	30	30	30	30	30	30	23	20	20
Trinidad and Tobago	0	0	0	0	0	0	25	25	25
Tunisia	35	30	30	30	30	30	30	30	25
Turkey	20	20	20	20	20	20	20	20	20
Uganda	30	30	30	30	30	30	30	30	30
Ukraine	25	25	25	25	25	25	21	19	18
United Arab Emirates	55	55	55	55	55	55	55	55	55
United Kingdom	30	30	30	28	28	26	24	23	21
United States	40	40	40	40	40	40	40	40	40
Uruguay	30	30	25	25	25	25	25	25	25
Vanuatu	0	0	0	0	0	0	0	0	0
Venezuela	34	34	34	34	34	34	34	34	34
Vietnam	28	28	28	25	25	25	25	25	22
Yemen	35	35	35	35	35	20	20	20	20
Zambia	35	35	35	35	35	35	35	35	35
Zimbabwe	30.9	30.9	30.9	30.9	25.75	25.75	25.75	25.75	25.75
Africa Average	30.82	30.56	28.65	28.75	28.38	28.55	29.02	28.29	27.85
Americas Average	29.97	29.27	28.84	28.82	28.28	29.28	28.67	28.35	27.62
Asia Average	28.99	28.46	27.99	25.73	23.96	23.1	22.89	22.05	21.91
Europe Average	23.7	22.99	21.95	21.64	21.46	20.81	20.42	20.6	19.68
Oceania Average	30.6	30.2	29.6	29.2	29	28.6	28.6	27	27
North America Average	38.05	38.05	36.75	36.5	35.5	34	33	33	33.25
Latin America Average	29.07	28.3	27.96	27.96	27.52	28.83	28.3	27.96	27.15
EU Average	24.83	23.97	23.17	23.11	22.93	22.7	22.51	22.75	21.34
OECD Average	27.67	27	25.99	25.64	25.7	25.4	25.15	25.32	24.11
Global Average	27.5	26.95	26.1	25.38	24.69	24.5	24.4	23.71	23.57