Thursday, 28 July 2016

World Bank Data Confirms that Big Business Has Lobbied Successfully For Reductions in the Tax Rates Paid by Corporations on Profits from 2000 to 2015

Very interesting interactive graph from the World Bank (Average percentage tax rate on corporate profit from 2000 to 2015). Provides empirical confirmation for the view that big business has been successfully reducing the amount of tax that it pays on profits during the past 15 years (actually it has been doing this since the late 1970s.) 

Details: "Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Source: World Bank, Doing Business project (

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