Total tax rate as a percentage of commercial profits reached 0.438 % in 2018 in USA, according to the National Statistical Office. This is the same as in the previous year.
Historically, total tax rate as a percentage of commercial profits in USA reached an all time high of 47.1 % in 2006 and an all time low of 0.438 % in 2013. When compared to USA's main peers, total tax rate as a percentage of commercial profits in Canada amounted to 0.205 %, 0.649 % in China, 0.467 % in Japan and 0.530 % in Mexico in 2018.
USA has been ranked 61st within the group of 172 countries we follow in terms of total tax rate as a percentage of commercial profits, 54 places behind the position seen 10 years ago.
The total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits.