This chart and heat map show the highest and lowest corporate tax rates in the world

Finance ministers from G7 Nations agreed on Saturday to implement a 15% minimum corporate tax rate globally.

U.S. Treasury Secretary Janet Yellen claimed a global minimum rate would end “the race-to-the-bottom in corporate taxation” and “ensure fairness for the middle class and working people in the U.S. and around the world.”

For years, governments have struggled to tax large tech companies that conduct business across many different jurisdictions , like Google, Facebook, Amazon, etc.

This heat map below shows different corporate tax rates around the world from last year.

The chart below shows countries with the highest corporate tax rates in 2020

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