Statutory corporate tax rates are stabilizing worldwide: OECD

Statutory corporate tax rates are stabilizing worldwide after a lengthy period of falling rates, according to new OECD data.

The 2024 edition of OECD Corporate Tax Statistics shows that average statutory corporate income tax rates have remained steady at 21.1 percent over the past three years. This follows a two-decade period that saw average statutory corporate income tax rates decline from 28 percent in 2000 to 21.1 percent in 2021.

Anticipation of the new global minimum tax, agreed by more than 140 members of the Inclusive Framework on BEPS, may have contributed to the recent stabilization, according to the report.
The latest edition of Corporate Tax Statistics also points to a stabilization of certain tax incentives designed to attract mobile intangible assets and their related income.