Skip to content
Search

Latest Stories

Global Stage LIVE from United Nations WATCH REPLAY

News

The Graphic Truth: What companies actually pay in taxes

The Graphic Truth: What companies actually pay in taxes
Gabriella Turrisi
Make us preferred on Google

On top of the global debate about enacting a minimum global tax for multinational corporations, there's another growing movement in a host of countries for all firms to pay their fair share in taxes, whether they do business abroad or not. Many US corporations are notorious for getting away with paying little to no federal taxes by taking advantage of multiple loopholes in the tax code — which is true for a lot of them. However, as a whole the average percentage of income US corporations do pay taxes on — their effective tax rate — is in reality not much lower than the legal national rate due to additional taxes levied by some US states and cities — the same as in many other developed economies. We compare the official and the effective corporate tax rates in some nations around the world.

More For You

British Prime Minister Andy Burnham attends the Middle East peace event "The Road Ahead: One Year After the New York Declaration and the Comprehensive 20-point Peace Plan" with French President Emmanuel Macron and Canadian Prime Minister Mark Carney.

British Prime Minister Andy Burnham attends the Middle East peace event "The Road Ahead: One Year After the New York Declaration and the Comprehensive 20-point Peace Plan" with French President Emmanuel Macron and Canadian Prime Minister Mark Carney, during the United Nations General Assembly (UNGA) at UN headquarters in New York City, U.S., September 22, 2026.

REUTERS/Toby Melville/Pool
The world’s middle powers are talking a great deal about the need to work together at the UN this week. French President Emmanuel Macron spoke of reviving multilateralism; South Korean President Lee Jae Myung talked about the “cherished value of multilateral cooperation”; British Prime Minister Andy Burnham discussed the need to “work together to [...]
Smoke signals
Natalie Johnson
Consumption of illegal cigarettes in the European Union is up roughly 10% over the past decade, according to the bloc’s estimates. The “underground” cigarette industry is surging as European countries raise tobacco taxes: Belgium, for example, recently increased the excise duty on a 20-pack of cigarettes by €0.56 ($0.64). Meanwhile, one report by [...]
Israeli Prime Minister Benjamin Netanyahu attends a toast-raising event hosted by his Likud party, in Tel Aviv, Israel.

Israeli Prime Minister Benjamin Netanyahu attends a toast-raising event hosted by his Likud party, in Tel Aviv, Israel, September 17, 2026.

REUTERS/Amir Cohen
Netanyahu to address the UN today with Israeli elections in mindIsraeli Prime Minister Benjamin Netanyahu speaks at the UN today during a whirlwind eight-hour trip to New York. As some of Israel’s traditional allies – including many European countries – distance themselves from the country over the war in Gaza and rising settler violence in the [...]
Third time (un)lucky
Will Fitzpatrick
Machado was last in her home country in December 2025, when a US private security team smuggled her out to accept her Nobel Prize in Norway. Before that, she had been in hiding for over a year, after a crackdown on political opposition following deposed Venezuelan President Nicolás Maduro’s disputed election victory in 2024. Her team said she was [...]