Which Countries Have the Highest Corporate Tax Rates in the G20?

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5 mins ago

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June 26, 2024 Graphics/Design:

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Which Countries Have the Highest Corporate Tax Rates in G20?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

In the wake of the 1999 Asian financial crisis, government representatives from the 20 largest economies in the world decided to informally gather to coordinate policy on trade. Thus began the G20.

Together the bloc accounts for more than 85% of the world economy and has been credited with unified policy action in response to world events.

However, despite this shared affiliation, this group is still made of fundamentally different economies with varied policies towards their business entities.

For a quick overview, we visualize and rank the G20 countries by their headline corporate tax rates. Data is sourced from Trading Economics, accessed June 2024. Data for the EU and the African Union (both G20 members) has not been included.

Ranked: G20 Members by Their Corporate Tax Rates

Argentina and India have the highest corporate income tax rates, at 35% in the G20.

However, both countries have a progressive ladder for taxation, so this headline number may only apply to a smaller subset of firms. For foreign companies with a “permanent entity” in India, the rate climbs past 40%.

RankG20 MemberCorporate Tax Rate 1🇦🇷 Argentina35% 2🇮🇳 India35% 3🇧🇷 Brazil34% 4🇯🇵 Japan31% 5🇦🇺 Australia30% 6🇩🇪 Germany30% 7🇲🇽 Mexico30% 8🇨🇦 Canada27% 9🇿🇦 South Africa27% 10🇨🇳 China25% 11🇫🇷 France25% 12🇹🇷 Türkiye25% 13🇬🇧 UK25% 14🇮🇹 Italy24% 15🇰🇷 South Korea24% 16🇮🇩 Indonesia22% 17🇺🇸 U.S.21% 18🇷🇺 Russia20% 19🇸🇦 Saudi Arabia20%
Note: EU and African Union not included. Figures rounded. Data accessed June 2024.

Interestingly, BRICS countries cover the spectrum of corporate tax rates. Starting from the highest (India, Brazil) to middle of the pack (South Africa, China) to lowest (Russia).

On the other hand, most of the G7 cluster in the mid-ranges (24–30%), with Japan the highest outlier

Ten Classic American Brands Owned by Foreign Companies

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13 hours ago

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June 13, 2024 Graphics/Design:

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Ten Classic American Brands Owned by Foreign Companies

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Popular brands have an intangible effect on culture. As symbols of eras past and present, they’re associated with identities, lifestyles, and trends in society.

Using data from 24/7 Wall St, we list some classic American brands that are owned by foreign companies

A List of American-Founded, Foreign-Owned Brands

Tiffany and Co.’s 183-year American story came to an end in 2019 after French luxury giant LVMH announced plans to acquire the company.

The sale did not progress smoothly but in 2021, LVMH completed its acquisition for a slightly-reduced $16 billion price tag.

In the years since, Tiffany’s earnings have doubled, LVMH’s stock price has risen 50%, and Bernard Arnault—LVMH Chairman and CEO—has become the world’s richest man.

CompanyFirst Sold to
Foreign BuyerCurrent Owner Trader Joe’s1979🇩🇪 Aldi Nord Burger King1989🇬🇧 Grand Metropolitan 7-Eleven1991🇯🇵 Seven & I Holdings Lucky Strike1994🇬🇧 British American Tobacoo Chrysler1998🇳🇱 Stellantis N.V. Ben and Jerry’s2000🇬🇧 Unilever* IBM (PC Business)2005🇨🇳 Lenovo Budweiser2008🇧🇪 Anheuser-Busch InBev Popeyes2017🇨🇦 Restaurant Brands International Tiffany & Co.2019**🇫🇷 LVMH
*Unilever has announced it’s spinning off its ice cream businesses. **Deal finalized in 2021. Data current to May 2024.

Another brand from 19th century America, Lucky Strike, saw its ownership change in 1994, when British American Tobacco Company acquired the American Tobacco Company.

Meanwhile, a hallmark of the American automaker landscape, Chrysler merged with Daimler-Benz in 1998. Since then however the company has moved and merged with others (Fiat) and is now under the Stellantis N.V. group, with headquarters located in Hoofddorp, Netherlands.

A more recently born U.S. brand, (in comparison to earlier mentioned stalwarts), Trader Joe’s stayed American-owned for only 12 years after it was founded in 1967. Theo Albrecht, owner and CEO of Aldi Nord, a German supermarket chain, acquired the business in 1979.

America’s Takeout Food Preferences: A Decade of Change

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34 seconds ago

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June 9, 2024 Graphics/Design:

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America’s Takeout Food Preferences: A Decade of Change

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Launched by Stanford students in 2012, delivery behemoth DoorDash now holds about 56% of the American online food delivery market. As a result, the company has unique insights into what Americans are ordering for food, as well as how their habits have changed.

In this visual, we rank DoorDash’s most-ordered takeout food in 2013 and 2023, per their “Decade Delivered” report.

French Fries: Born in Belgium, Loved by America

French fries are DoorDash’s most-ordered food in 2023 compared to the Panera chipotle chicken sandwich in 2013.

As it happens, French fries are also the most-ordered food on the platform of all time.

Since 2013, more than 600 million orders of fries have been delivered, and as the company notes, it is “a perfect food that (almost) no one’s making at home.”

Here’s their top 10 most-ordered takeout food items in 2013 and 2023

Rank20132023 1🥪 Chipotle Chicken Sandwich🍟 French Fries 2🥟 Pork Potstickers🥙 Chicken Quesadilla 3🍲 Tomato Bisque Soup🧀 Mozzarella Sticks 4🥗 Cobb Salad🫓 Garlic Naan 5🍠 Sweet Potato Fries🌶️ Spicy Chicken Sandwich 6🥑 Guacamole🍕 Pepperoni Pizza 7🧆 Hummus🧀 Chips & Queso 8🧀 Grilled Cheese Sandwich🍗 Traditional Wings 9🌮 Tacos🥗 Cobb Salad 10🫓 Pita🍚 Fried Rice

Interestingly, the Cobb salad is the only food item to stay within the top 10, though it has fallen five ranking spots in the last decade.

And while the chipotle chicken sandwich specifically is no longer on the top 10, spicy chicken sandwiches rank at sixth place in 2023.

When comparing overall trends over the decade, 2013 seemed to have more varied cuisine in the top 10: Asian, Indian, Middle Eastern, and French.

Meanwhile, 2023 is concentrated around American and Mexican food. DoorDash also states that the latter two are the most-ordered cuisines of the past decade. Almost universally, however, finger foods are

Charted: How the Logos of Select Fashion Brands Have Evolved

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56 mins ago

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May 12, 2024 Graphics/Design:

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Charted: How the Logos of Select Fashion Brands Have Evolved

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

A global fashion brand needs to balance maintaining a consistent style built painstakingly over the years while adapting to current trends. And for some of them, their changing logos reflect the loop of reinvention, over decades of building products, markets, and consumer bases.

We illustrate the evolution of six fashion companies’ logos over time. Data for the visualization and article is sourced from 1000logos.net.

Nike & Adidas: A Tale of Two Shoe Companies

The world’s largest footwear company, Nike began its journey as Blue Ribbon Sports in 1964. In 1971, they rebranded as Nike, inspired by the Greek goddess of victory.

The famous swoosh logo was designed in 1971 by Carolyn Davidson, at the time a Portland State University graphic design student. She was paid $35 dollars for her work (about $270 today). Twelve years later, Nike co-founder Phil Knight have her 500 Nike shares that have remained unsold.

Here’s how often some of the world’s biggest fashion brands have changed their logos since founding.

BrandLogo Changes 👟 Adidas10 👖 Levi’s8 ✔️ Nike4 👕 Gap4 🐊 Lacoste3 👗 Zara3

Meanwhile, Adidas has far older origins: all the way back to 1920 Germany. Founded by Adolf Dassler, the company split into Adidas and Puma in 1947.

Dassler bought the iconic three stripes from another German sports company in 1947. In 1952, the stripes debuted on Adidas footwear at the Summer Olympics.

Currently, Adidas has several concurrent logos depending on the product line. This includes: the horizontal across a trefoil (Adidas Originals), curved across a circle (Adidas Style) or the diagonal mountain above the brand name (Adidas Performance).

Mapped: The Number of AI Startups By Country

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9 seconds ago

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May 6, 2024

See this visualization first on the Voronoi app.

Mapped: The Number of AI Startups By Country

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Amidst the recent expansion of artificial intelligence (AI), we’ve visualized data from Quid (accessed via Stanford’s 2024 AI Index Report) to highlight the top 15 countries which have seen the most AI startup activity over the past decade.

The figures in this graphic represent the number of newly funded AI startups within that country, in the time period of 2013 to 2023. Only companies that received over $1.5 million in private investment were considered.

Data and Highlights

The following table lists all of the numbers featured in the above graphic.

RankGeographic areaNumber of newly funded
AI startups (2013-2023) 1🇺🇸 United States5,509 2🇨🇳 China1,446 3🇬🇧 United Kingdom727 4🇮🇱 Israel442 5🇨🇦 Canada397 6🇫🇷 France391 7🇮🇳 India338 8🇯🇵 Japan333 9🇩🇪 Germany319 10🇸🇬 Singapore193 11🇰🇷 South Korea189 12🇦🇺 Australia147 13🇨🇭 Switzerland123 14🇸🇪 Sweden94 15🇪🇸 Spain94

From this data, we can see that the U.S., China, and UK have established themselves as major hotbeds for AI innovation.

In terms of funding, the U.S. is massively ahead, with private AI investment totaling $335 billion between 2013 to 2023. AI startups in China raised $104 billion over the same timeframe, while those in the UK raised $22 billion.

Further analysis reveals that the U.S. is widening this gap even more. In 2023, for example, private investment in the U.S. grew by 22% from 2022 levels. Meanwhile, investment fell in China (-44%) and the UK (-14.1%) over the same time span.

Where is All This Money Flowing To?

Quid also breaks down total private AI investment by focus area, providing insight into which sectors are receiving the most funding.

Focus AreaGlobal Investment in 2023
(USD billions) 🤖 AI infrastructure, research,
and governance$18.3 🗣️ Natural language
processing$8.1 📊 Data management$5.5 ⚕️ Healthcare$4.2 🚗 Autonomous vehicles$2.7 💰 Fintech$2.1 ⚛️