With the Presidential election less than 90-days away, one of the items that Presidential candidate Joe Biden has promised is to return to the corporate income tax of 2016. You can read Biden’s plan over at the Tax Foundation. This prompted me to look at corporate tax rates of all countries around the globe. I found a great site over at Trading Economics listing them.
With the quantities of countries listed along with the restricted space to list them, I decided to focus on the G20 countries. If you want to look at countries that are not listed here, click on Trading Economics and go to their complete list.
I am of the belief that the reduction of the corporate tax rate by President Trump and Congress was the reason why we had such a robust economy leading up to the CCP Virus. Just think of what will happen post the pandemic with a higher corporate tax rate that Biden and his party are promoting if he becomes President.
Freedom Through Self-Reliance ™