The Tax Foundation provides data on “Corporate Tax Rates Around the World” on its Web site. To complete this exercise, visit https://taxfoundation.org/publications/corporate-tax-rates-around-the-worl d/ and download the PDF file containing corporate tax rate data for the most recent year available.

Required:

a. Identify countries with a statutory corporate income tax rate larger than 35 percent.

b. Identify countries with a statutory corporate income tax rate smaller than 10 percent.

c. Identify five countries without a general corporate income tax.

d. Which region of the world has the largest average corporate income tax rate?

e. Which region of the world has the smallest average corporate income tax rate?

f. What is the average corporate income tax rate across all countries in the world?

g. All else equal, would a multinational corporation pay a smaller amount of corporate income tax to the local government by establishing a subsidiary in Italy or in Switzerland?