International Comparison of Effective Tax Rate of Corporate Income Taxation
| (Notes) | 1. | The tax rate in Japan is calculated by adding up the rates of Corporation Tax, Corporation Inhabitant Tax and Corporation Enterprise Tax after adjusting the deduction of Corporation Enterprise Tax from the tax base of Corporation Tax. |
| 2. | Local taxes on corporate income are imposed by states and some cities in the U.S. Corporate Income Tax in California represents the state tax in the United States. In New York City the tax rate on corporate income (adjusted with the deduction of local tax) including federal, state and municipal tax amounts to 46.08%. | |
| 3. | Surtax in Germany is levied at 5.5% of Corporation Tax. National Corporation Tax in Germany is jointly levied by the federal and the state government at the rate of 50 to 50. | |
| 4. | Surtax in France is levied at 20% of Corporation Tax (only on companies whose annual sales are not less than 50 million Francs). In France, Professional Tax(local tax) is imposed in addition to corporation tax. |