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Which of the following nations has the highest corporate tax rate?Group of answer choicesUnited Arab EmiratesGermanyIrelandGreat Britain (United Kingdom)France

Question

Which of the following nations has the highest corporate tax rate?

Group of answer choices:

  • United Arab Emirates
  • Germany
  • Ireland
  • Great Britain (United Kingdom)
  • France
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Solution

To answer this question, we need to look at the current corporate tax rates of each of the listed countries. As of 2021, the corporate tax rates for these countries are:

  1. United Arab Emirates: The UAE does not have a federal corporate tax. However, some Emirates impose corporate tax on certain types of businesses, usually at a rate of 20%.

  2. Germany: The corporate tax rate in Germany is approximately 29.9% when you combine the corporate income tax, the solidarity surcharge, and trade tax.

  3. Ireland: Ireland has one of the lowest corporate tax rates in the world at 12.5%.

  4. Great Britain (United Kingdom): The corporate tax rate in the UK is 19%.

  5. France: France has a corporate tax rate of 28% for companies with a turnover of less than €250m. For companies with a turnover of more than €250m, the rate is 31%.

Based on these rates, Germany has the highest corporate tax rate among the listed countries.

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