America's 21% federal rate sits low in the G20, though state taxes add about five points

So what

Since its 2018 reform, the U.S. federal rate of 21% sits 17th of 19 G20 members, below every other G7 economy. Headline rates span from 20% to 35%, but progressive regimes, local surcharges and incentives mean effective rates can differ widely. For location and transfer-pricing decisions, the headline league table is a starting point, not an answer, especially as the OECD 15% global minimum takes hold.