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0:00
Welcome to the second
talk on taxing business.
My name is Kristoffer Berg,
and I'm a lecturer at
Trinity College,
University of Cambridge.
In this talk here we're
going to focus on
taxing corporate income,
which has become a
very important topic.
0:19
The corporate income
tax is often seen as
the most important business
tax in most countries.
Corporate income tax applies to
yearly measure of profits
of incorporated businesses
that may operate
in that country,
or maybe part of a complicated
multinational structure.
Now tax rates on corporate
income vary widely,
but they have been falling
in recent decades.
0:46
Now this figure shows
us the reduction in
the corporate income
tax rates over time.
On the x-axis of this graph,
we see the years from the
year 2000 to the year 2024,
whereas on the y-axis,
you have the average
corporate tax rates
across some different
groups of countries.
The blue line with the
black dots is the overall
for all of these
types of countries,
and we see that the tax rate was
28% on average in
the early 2000s
and has been falling
steadily since then,
especially in the early 2000s,
and seems to have
stabilised closer to 20%
when we look overall
across all countries
that apply a
corporate income tax.
