Corporate tax rates can vary significantly by region.
Africa
Has the highest average statutory tax rate among all regions, at 28.81 percent.
Europe
Has the lowest average statutory corporate tax rate among all regions, at 18.38 percent.
When weighted by GDP,
South America
Has the highest average statutory corporate tax rate at 32.2 percent.
Europe
Has the lowest weighted average statutory corporate income tax, with a rate of 25.43 percent.
These rates are usually above higher than the worldwide average. The G7, which is comprised of the seven wealthiest nations in the world, has an average statutory corporate income tax rate of 27.63 percent, and a weighted average rate of 27.21 percent. OECD member states have an average statutory corporate tax rate of 23.93 percent and a rate of 26.58 percent when weighted by GDP. The BRICS6 have an average statutory rate of 28.40 percent and a weighted average statutory corporate income tax rate of 27.33 percent.
