Monaco or United States: which taxes less?

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

Lighter: Monaco, ahead by 1.6 FiScore point.

Tax Monaco United States Gap
Corporate income tax headline rate 25% 21% +4.0 points
Personal income tax top bracket 0% 10% to 37% −37.0 points
VAT standard rate 20% 11.73% +8.3 points

Detailed schedules

Corporate income tax

Monaco

Activities with more than 25% of turnover outside Monaco 25%
Purely Monegasque activities outside the scope of the tax 0%

United States

Federal tax 21%
State tax 0% to over 9% depending on the state n/a
See the Monaco page See the United States page