US Corporate Tax Rates vs. World’s Largest Economies

Comparing US Corporate Tax Rates to the World’s Largest Economies (2008)
The United States is the world’s largest economy. When compared to the next 14 countries that represent the world’s largest economies (number 2 through 15) by gross domestic product (GDP) as of 2008, here’s how the US stacks up. (Wikipedia & CIA World Factbook)

Overall Rank	Country/State	World GDP Rank (2008)	Combined Federal and State Rate (Adjusted) (a)	US Rank
	Iowa		41.6	1
	Pennsylvania		41.5	2
	Minnesota		41.4	3
	Massachusetts		41.2	4
	Alaska		41.1	5
	New Jersey		41.1	6
	Rhode Island		40.9	7
	West Virginia		40.9	8
	Maine		40.8	9
	Vermont		40.8	10
	California		40.7	11
	Delaware		40.7	12
	Indiana		40.5	13
	New Hampshire		40.5	14
	Wisconsin		40.1	15
	Nebraska		40.1	16
	Idaho		39.9	17
	New Mexico		39.9	18
	Connecticut		39.9	19
	New York		39.9	20
	Kansas		39.8	21
	Illinois		39.7	22
	Maryland		39.6	23
	North Dakota		39.6	24
1	Japan	2	39.54
	Arizona		39.5	25
	North Carolina		39.5	26
	Montana		39.4	27
	Oregon		39.3	28
2	United States	1	39.27
	Arkansas		39.2	29
	Tennessee		39.2	30
	Washington *		39.2	31
	Hawaii		39.2	32
3	Germany	4	38.9
	Michigan *		38.9	33
	Georgia		38.9	34
	Kentucky		38.9	35
	Oklahoma		38.9	36
	Virginia		38.9	37
	Florida		38.6	38
	Louisiana		38.5	39
	Missouri		38.4	40
	Ohio		38.3	41
	Mississippi		38.3	42
	South Carolina		38.3	43
	Utah		38.3	44
	Colorado		38	45
	Alabama		37.8	46
4	Canada	11	36.1
	Texas *		36.0	47
	Nevada		35.0	48
	South Dakota		35.0	49
	Wyoming		35.0	50
5	France	5	34.4
6	Brazil	10	34
7	Italy	7	33
8	India	12	33
9	Spain	9	32.5
10	Australia	14	30
11	United Kingdom	6	30
12	Mexico	13	28
13	South Korea **	15	27.5
14	China	3	25
15	Russia	8	24
Overall Rank	Country/State	World GDP Rank (2008)	Combined Federal and State Rate (Adjusted) (a)	US Rank
*Michigan, Texas and Washington have gross receipts taxes rather than traditional corporate income taxes. For comparison purposes, we converted the gross receipts taxes into an effective CIT rate. See Tax Foundation Notes (link below) for methodology.
** On June 3, 2008, South Korea’s Ministry of Strategy and Finance announced that it will cut the maximum corporate tax rate from 25% to 22% to stimulate economic growth. (Source: Xinhua)
(a) Combined rate adjusted for federal deduction of state taxes paid