Falkland Islands or United States: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Lighter: Falkland Islands, ahead by 1.1 FiScore point.

Tax Falkland Islands United States Gap
Corporate income tax headline rate 26% 21% +5.0 points
Personal income tax top bracket 21% to 26% 10% to 37% −11.0 points
VAT standard rate 0% 11.73% −11.7 points

Detailed schedules

Corporate income tax

Falkland Islands

Profit up to 500,000 GBP Threshold shared among related companies 21%
Profit over 500,000 GBP 26%
Oil activities Exploration and production, regardless of profit 26%

United States

Federal tax 21%
State tax 0% to over 9% depending on the state n/a

Personal income tax

Falkland Islands

First 18,000 taxable GBP After personal allowance of 16,860 GBP 21%
Over 18,000 GBP 26%

United States

n/a

See the Falkland Islands page See the United States page