Impact of COVID-19 on G20 countries: analysis of economic recession using data mining approaches

Financial Innovation

Table 8 G20 countries (excluding EU) income, VAT, and corporate tax rates (%)

G20 Countries	Income tax (%)						VAT (%)	Corporate tax (%)
G20 Countries	2016	2017	2018	2019	2020	2021	2020	2020
EU average	37.58	38.06	38	37.81	36.92	37.77	20.7	21.7
Argentina	35	35	35	35	35	35	21	30
Australia	45	45	45	45	45	45	10	30
Brazil	27.5	27.5	27.5	27.5	27.5	27.5	17	34
Canada	33	33	33	33	33	33	5	26.47
China	45	45	45	45	45	45	13	25
France	22.5	49	49	45	45	45	20	32.02
Germany	45	45	45	45	45	45	17	29.9
India	35.54	35.54	35.88	35.88	42.74	42.74	18	30
Indonesia	30	30	30	30	30	30	10	25
Italy	43	43	43	43	43	43	22	27.81
Japan	55.95	55.95	55.95	55.95	55.95	55.97	10	29.74
South Korea	38	40	42	42	42	45	10	25
Mexico	35	35	35	35	35	35	16	30
Russia	13	13	13	13	13	13	20	20
Saudi Arabia	0	0	0	5	15	15	15	20
South Africa	41	45	45	45	45	45	15	28
Turkey	35	35	35	35	40	40	18	22
United Kingdom	45	45	45	45	45	45	20	19
United States	39.6	39.6	37	37	37	37	5.7	25.77