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Countries are best summarized by their corporate income tax schedule description in the OECD tax database, a thread.
Canada: the description is three lines long, it& #39;s clean, everyone agrees. It& #39;s a weighted average so everyone is happy.
France: all the names are in French. There are twenty different surtaxes, surcharges, one-off, temporary, additional contributions that end up being permanent. Threshold effects abound and your status matters. A lot.
Germany: there is a clear formula, and the rules apply to everyone. Unfortunately, they involve precise numbers with 15 decimals; it& #39;s obvious to every German person and to no one else.
Greece: There are twenty different tax codes, no one knows which version actually applies, but they all amend and replace each other in a Kafkaian circular way. Also there are no rules, only exemptions.
Korea: The rules are two lines long. Also they are brand new.
Norway: The rules are one line long. Also, they are the same for everyone.
Israel: The rules of the corporate income tax are in a table instead of a paragraph of text like everyone else. Also, they are clearly *not* the rules of the corporate income tax.
Switzerland: the rules involve math, somehow. Also, the Church.
Turkey: The rules would be one line long, except that the President can change them for whomever he likes.
Italy: The rules are 8 pages long, more than everyone else combined. There are special rules, rates and deductions for each region, size, sector, age; thresholds abound and rates range from 2.68 to 58.14%. Also there& #39;s a rule preventing companies from shifting them to prices.
