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Attributes	Values
rdf:type	schema:ClaimReview
http://data.cimple...lizedReviewRating	credible
schema:url	http://fullfact.org/economy/corporation-tax-uk-vs-usa/
schema:text	What was claimed Corporation tax rates are higher in the USA than the UK Our verdict That’s correct. US companies pay about twice the rate of tax on their profits as UK companies. Corporation tax rates are higher in the USA than the UK That’s correct. US companies pay about twice the rate of tax on their profits as UK companies. “Corporation tax is even much higher in the United States.” Richard Burgon MP, 8 December 2016 It’s correct that corporation tax rates are higher in the USA than that UK. The UK taxes companies a main rate of 20% of their profits. That’s set to fall to 19% in April 2017, and 17% in April 2020. US corporation tax rates are about 39%, on average according to the OECD, so about twice that paid in the UK. The exact rate of corporation tax varies between states. Companies pay tax in the country where they locate their business, rather than the place where they make their sales. For example, a UK car manufacturer who sold cars in the United States would pay the UK rate to the UK government. Corporation tax isn’t the only tax paid by UK businesses. Full Fact fights for good, reliable information in the media, online, and in politics.
schema:mentions	Corporate tax Parliament of the United Kingdom OECD United Kingdom United States Full Fact John Burgon
schema:reviewRating	That’s correct. US companies pay about twice the rate of tax on their profits as UK companies.
schema:author	full-fact
schema:datePublished	2016-12-09 (xsd:date)
schema:inLanguage	English
schema:itemReviewed	http://data.cimple.eu/claim/e6a22017c2a2eb04df0f00e9b0236a7434902f529aec2e7258daca03

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