Country

Income tax

Turnover tax

America

progressive tax rate in excess of specific amount: 35%

-

Japan

Small Banks with less than 100 million yen in capital: 28%; Banks above 100 million yen: 37.5%

5% consumption tax

Germany

distribute earnings: 32%

undistributed earnings: 48%

The state levies a 5% sales tax on profits.

England

progressive tax rate in excess of specific amount: 25% - 33%

-

France

Short-term income tax rate: 36.6%

Long-term income tax rate: 20.9%

-

Italy

composite tax rate: 53.2%

-

Canada

4% - 17%

-

China

33% - 25%

Local currency credit is subject to business tax of 5% of interest income