How Does Corporate Tax Vary Across Different Countries?
Corporate tax rates and regulations vary significantly across different countries, impacting where entrepreneurs might choose to locate their business. For example:
United States: The federal corporate tax rate is 21%, but additional state taxes can apply. United Kingdom: The corporate tax rate is 19%, with plans to increase it in the coming years. Ireland: Known for its low corporate tax rate of 12.5%, attracting many global corporations. Singapore: Offers a competitive tax rate of 17% and various incentives for startups.