The global corporate Tax has dropped by 25% in twenty years


Javier TahiriSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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The globalization and the competition of countries to attract companies and capital has resulted in a trend to the low corporate Tax : in twenty years the type has diminished a fourth part of the 28% that was assumed in 2000 to 20.6 per cent in 2020, according to the data collected by the OECD in 119 countries or jurisdictions analyzed. is Spain during this interval of time was not an exception: if twenty years had a rate of 35% now it has 25%, still well above the OECD average.

at The same time, in these twenty years, the tax has raised its weight in the fundraising world : of the 2.7% of GDP that was, in 2000 in 2017 was 3.1%. Spain had a contrary tendency: he went to enter the 2.9% in 2000 to 2.2% in 2017. N ur country enter less despite having a larger type by the exemptions, deductions and bonuses of the tax, which is now the Independent Authority for Fiscal Responsibility (Airef) is reviewing with the rest of the tax system.

In these twenty years were passed rebates on the corporate income tax rate in up to 88 jurisdictions , while there were increases in 6 and in the 15 remaining no changes. While in 2000 there were 13 jurisdictions with a nominal type of Societies greater than or equal to 40%, and twenty years later was only in that group is India (with 48.3%, which includes a tax for the distribution of dividends).

Next to these trends, the report “Statistics of corporation Tax” includes an avalanche of data collected through the report country-by-country 4.000 multinational delivered from 2016: if you are based in 26 countries, its operations extend to more than one hundred countries around the world. is media types effective are somewhat lower among the jurisdictions analyzed that the nominal in Spain are similar, the environment of 19% compared to 25% of theoretical.

The OECD arrives at several conclusions once analyzed the data of this group of multinationals. “There is a uncouple between where you declare the benefits and the place in which they are generated economic activities” includes the Organization for Economic Cooperation and Development (OECD).

development and Innovation

Interestingly, most of the countries support innovation more than in 2006 although Spain is one of the exceptions. The aid tax to the business R+D are below the average of other countries, as well as direct funding, which represents in the aggregate an amount of less than 0.1% of GDP, far of almost 0.5% dedicated Russia or 0.4% of France.

The OECD also listens to how the tax regimes of intellectual property. In Spain in these frameworks, the type of Societies low of 25% of the nominal 10% , a real type which is even somewhat lower in the Basque Country and Navarre. In countries such as Luxembourg, the type gets to be in these cases of 5%, while in Ireland it is 7% and in Hungary or Uruguay, from 0%.