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Worldwide corporation tax falls

Corporation tax rates across the world are falling, according to a survey by OECD published in September 2018. The survey was of 35 OECD countries plus Argentina, Indonesia and South Africa.

Corporation tax rates fell from an average 32.5% in 2000, to 23.9% in 2018.

There were significant reforms in Argentina, France, Lativa and USA. Other countries made changes in a more piecemeal fashion.

OECD said there was no evidence of a “race to the bottom” but rather a race to the average. [18.09]

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