In a globalized world, setting corporate tax rates has often been described as a race to the bottom. By having a lower rate than other nations, a country can hope to attract more businesses (or at the very least, their headquarters). This allows them a windfall of tax revenue that other jurisdictions then miss out on.

For some, the race to the bottom has in fact found the ground: at zero.

We map the very short list of places with zero corporate taxes. Data for this map and article is primarily sourced from Trading Economics and PwC Tax Summaries, accessed June, 2024.

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