Table 3: EFFECTIVE TAX RATES FOR DOMESTIC FIRMS IN G-7 COUNTRIES
June 1, 2000
By
Canadian Consulting Engineer
CanadaUnited StatesUnited KingdomGermanyFranceItaly*JapanManufacturing(per cent)...
| Canada | United States | United Kingdom | Germany | France | Italy* | Japan | |
| Manufacturing | (per cent) | ||||||
| 1996 | 25.2 | 22.6 | 19.8 | 36.9 | 25.2 | 31.2 | 31.2 |
| 1999 | 25.2 | 22.4 | 17.7 | 32.8 | 24.4 | 24.2/17.9 | 27.6 |
| Proposed 2000 | n.a. | n.a. | n.a. | 20.2 | 22.7 | n.a. | n.a. |
| Services | |||||||
| 1996 | 33.4 | 22.8 | 19.4 | 35.8 | 27.9 | 35.3 | 32.8 |
| 1999 | 33.4 | 22.6 | 17.3 | 31.8 | 27.0 | 28.0/21.3 | 29.2 |
| Proposed 2000 | n.a. | n.a. | n.a. | 19.6 | 25.4 | n.a. | n.a. |
* The lower effective tax rates are a result of the lower combined corporate income tax rate of 31.3 %. Source: C.D. Howe Institute
Advertisement
Stories continue below
