Map of income taxes paid in 2020
The world map below shows income taxes paid and withholding taxes accrued in line with our country-by-country report. In 2020, we paid $3.3 billion of corporate income taxes and accrued $132 million of withholding taxes. This gives a total of $3.4 billion in income taxes and withholding taxes as reported in our country-by-country report. For more details, see the chapter on Our tax data.
Corporate income tax
This is a direct tax imposed on companies’ profits. It is sometimes levied at a national level but can also be levied on a state or local basis.
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Country-by-country reporting
Country-by-country reporting (CbCR) was introduced for all large multinational enterprises (MNEs) as part of the OECD BEPS project. The report should disclose aggregate data on income, profit, taxes paid and economic activity among tax jurisdictions in which the MNE operates. The report is filed with the main tax authority (typically the tax authority in the country in which the MNE has its head office) which can share it with tax authorities in other countries.
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Withholding taxes
A withholding tax is an income tax to be paid to the government by the payer of the income rather than by the recipient of the income. The tax is thus withheld or deducted from the income due to the recipient. Withholding taxes usually apply to royalties, interest or dividends.
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