The effective corporate tax rate
The United States taxes the profits of US resident C corporations (named after the relevant subchapter of the Internal Revenue Code) at 21 percent. Taxable KPMG's corporate tax table provides a view of corporate tax rates around the world. Dec 16, 2019 In the first year of the law, the amount corporations paid in federal taxes on their incomes - their “effective rate” - was 11.3% on average,