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Economy

Corporate Tax Fell Globally in 2020, OECD Report Says

ATHENS — Corporate taxation fell globally in 2020, continuing a trend which prevails in the last 20 years, although significant differences exist between member-states, the Organization for Economic Cooperation and Development (OECD) said in a report on Wednesday.

The Paris-based organization said the average corporate taxation rate in 109 countries was 20.6 pct in 2020 from 20.7 pct in 2019 and 28 pct in 2000. Nine countries, among them Germany and Bulgaria, lowered their corporate tax rate by 20 percentage points in the 2000-2020 period. In comparison with 2019, corporate taxation eased in seven member-states, led by Belgium (-5 percentage points) and Greenland (-3 percentage points. There was no increase in any member-state.

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