(August 9, 2018 at 2:20 pm)Jörmungandr Wrote: The Corporate Tax Rate in China stands at 25 percent. Corporate Tax Rate in China averaged 29 percent from 1997 until 2018, reaching an all time high of 33 percent in 1998 and a record low of 25 percent in 2008.
The Corporate Tax Rate in Canada stands at 26.50 percent. Corporate Tax Rate in Canada averaged 38.15 percent from 1981 until 2018, reaching an all time high of 50.90 percent in 1981 and a record low of 26.10 percent in 2012.
https://tradingeconomics.com/
First - so what? Yes, some countries are higher than us, some are lower. From a competitive view, it makes sense to be somewhere around the average or a little lower.
Second, I don't see corporate rates in your link, and your Canada figures represent a nominal rate which reduces to around 15% in reality.
https://en.wikipedia.org/wiki/List_of_co..._tax_rates