No visible correlation between corporate tax rate changes and real earnings growth: Percentage-point change in overall statutory corporate income tax rate and cumulative annual earnings growth across OECD countries, 2000–2016

Percentage point corporate rate change Cumulative real earnings growth
Australia -0.04 1.02%
Austria -0.09 0.57%
Belgium -0.0618 0.23%
Canada -0.1573 1.37%
Chile 0.09 2.11%
Czech Republic -0.12 2.67%
Denmark -0.1 1.38%
Estonia -0.06 4.07%
Finland -0.09 1.05%
France -0.03333 1.12%
Germany -0.21858 0.72%
Greece -0.11 -0.19%
Hungary 0.01 1.89%
Iceland -0.1 1.17%
Ireland -0.115 1.70%
Israel -0.11 0.13%
Italy -0.09957 0.18%
Japan -0.109 -0.08%
Korea -0.066 1.45%
Latvia -0.1 4.80%
Luxembourg -0.0823 0.86%
Mexico -0.05 0.43%
Netherlands -0.1 0.77%
New Zealand -0.05 1.62%
Norway -0.03 2.10%
Poland -0.11 1.62%
Portugal -0.057 -0.33%
Slovak Republic -0.07 2.48%
Slovenia -0.08 1.77%
Spain -0.1 0.40%
Sweden -0.06 1.62%
Switzerland -0.03777 0.81%
United Kingdom -0.1 0.86%
United States -0.00416 0.93%

Source: Corporate tax rates and real annual earnings data come from OECD.Stat website, accessed October 2017. Earnings are in 2016 U.S. dollars on a purchasing power parity (PPP) basis.

View the underlying data on epi.org.