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2020 ranking of companies that pay the most corporate tax

Companies paying the most tax on their profits for the fiscal year 2020, according to the tax charge from their annual accounts.

Share prices and capitalizations at 2026-10-29·Annual accounts for the fiscal year 2020·Calculated on 2026-11-01· 24159 companies ranked
Metric : income tax for the fiscal year 2020 (published annual accounts), companies with a positive tax liability. Currency : Amounts converted into US dollars at the exchange rate of the day of calculation; the amount in the currency of the accounts is repeated under each value. Only companies whose data is published are ranked: a missing value excludes the company, it is never replaced by zero or estimated.
#EnterpriseMarketSector Corporate tax (USD)
1Saudi Arabian Oil Company2222.SR🇸🇦OthersEnergy50,31 billion $188,66 Bn SAR
2Berkshire Hathaway Inc.BRK-B🇺🇸United StatesFinancial Services12,44 billion $
3Industrial and Commercial Bank of China LimitedIDCBF🇨🇳ChinaFinancial Services11,19 billion $74,44 billion CN¥
4Industrial & Commercial Bank of China Ltd.IDCBY🇨🇳ChinaFinancial Services11,19 billion $74,44 billion CN¥
5Apple Inc.AAPL🇺🇸United StatesTechnology9,68 billion $
6China Construction Bank CorporationCICHY🇨🇳ChinaFinancial Services9,47 billion $63,04 billion CN¥
7Microsoft CorporationMSFT🇺🇸United StatesTechnology8,76 billion $
8SoftBank Group Corp.SFTBF🇯🇵JapanCommunication Services8,27 billion $1 303 Bn¥
9Alphabet Inc.GOOG🇺🇸United StatesTechnology7,81 billion $
10Samsung Electronics Co., Ltd.SSNLF🇰🇷KoreaTechnology7,45 billion $9 937 Md₩
11Agricultural Bank of China LimitedACGBF🇨🇳ChinaFinancial Services7,31 billion $48,65 billion CN¥
12JPMorgan Chase & Co.JPM🇺🇸United StatesFinancial Services6,68 billion $
13Banco Santander, S.A.SAN.MC🇪🇸EuropeFinancial Services6,30 billion $5,63 Md€
14Bank of China LimitedBACHF🇨🇳ChinaFinancial Services6,20 billion $41,28 billion CN¥
15Verizon Communications Inc.VZ🇺🇸United StatesCommunication Services5,62 billion $
16China Evergrande GroupEGRNF🇨🇳ChinaReal Estate5,54 billion $36,84 billion CN¥
17China Mobile Limited600941.SS🇭🇰Hong KongCommunication Services5,14 billion $34,22 billion CN¥
18Rio Tinto GroupRTNTF🇬🇧United KingdomBasic Materials4,99 billion $
19UnitedHealth Group IncorporatedUNH🇺🇸United StatesHealthcare4,97 billion $
20Walmart Inc.WMT🇺🇸United StatesConsumer Defensive4,92 billion $
21Country Garden Holdings Company Limited2007.HK🇨🇳ChinaReal Estate4,72 billion $31,41 billion CN¥
22Toyota Motor CorporationTOYOF🇯🇵JapanConsumer Cyclical4,33 billion $681,82 Bn¥
23Ping An Insurance (Group) Company of China, Ltd.PIAIF🇨🇳ChinaFinancial Services4,27 billion $28,41 billion CN¥
24BHP Group LimitedBHPLF🇦🇺AustraliaBasic Materials4,20 billion $
25Intel CorporationINTC🇺🇸United StatesTechnology4,18 billion $
26The Home Depot, Inc.HD🇺🇸United StatesConsumer Cyclical4,11 billion $
27Nestlé S.A.NESN.SW🇨🇭EuropeConsumer Defensive4,08 billion $3,37 Bn CHF
28Meta Platforms, Inc.META🇺🇸United StatesTechnology4,03 billion $
29China Resources Land LimitedCRBJY🇭🇰Hong KongReal Estate3,92 billion $26,08 billion CN¥
30China Merchants Bank Co., Ltd.CIHKY🇺🇸United StatesFinancial Services3,68 billion $24,48 billion CN¥
31Nokia OyjNOKIA.HE🇫🇮EuropeTechnology3,64 billion $3,25 Md€
32Roche Holding AGRO.SW🇨🇭EuropeHealthcare3,52 billion $2,90 Bn CHF
33China State Construction Engineering Corporation Limited601668.SS🇨🇳ChinaIndustrials3,51 billion $23,34 billion CN¥
34PetroChina Company LimitedPCCYF🇺🇸United StatesEnergy3,39 billion $22,59 billion CN¥
35Comcast Holdings Corp.CCZ🇺🇸United StatesCommunication Services3,36 billion $
36Comcast CorporationCMCSA🇺🇸United StatesCommunication Services3,36 billion $
37Morgan StanleyMS🇺🇸United StatesFinancial Services3,24 billion $
38China Overseas Land & Investment LimitedCAOVF🇭🇰Hong KongReal Estate3,23 billion $21,49 billion CN¥
39Volkswagen AGVOW3.DE🇩🇪GermanyConsumer Cyclical3,18 billion $2,84 Md€
40Alibaba Group Holding LimitedBABAF🇨🇳ChinaConsumer Cyclical3,09 billion $20,56 billion CN¥
41Federal National Mortgage AssociationFNMAS🇺🇸United StatesFinancial Services3,07 billion $
42China Vanke Co., Ltd.CHVKF🇨🇳ChinaReal Estate3,06 billion $20,38 billion CN¥
43The Goldman Sachs Group, Inc.GS🇺🇸United StatesFinancial Services3,02 billion $
44Tencent Holdings LimitedTCEHY🇨🇳ChinaCommunication Services2,99 billion $19,90 billion CN¥
45Eni S.p.A.ENI.MI🇮🇹EuropeEnergy2,96 billion $2,65 Md€
46Visa Inc.V🇺🇸United StatesFinancial Services2,92 billion $
47NTT, Inc.NPPXF🇯🇵JapanCommunication Services2,91 billion $458,80 Bn¥
48Amazon.com, Inc.AMZN🇺🇸United StatesConsumer Cyclical2,86 billion $
49British American Tobacco p.l.c.BTI🇬🇧United KingdomConsumer Defensive2,82 billion $2,11 Bn£
50Allianz SEALV.DE🇩🇪GermanyFinancial Services2,76 billion $2,47 Md€
51Cisco Systems, Inc.CSCO🇺🇸United StatesTechnology2,76 billion $
52The Procter & Gamble CompanyPG🇺🇸United StatesConsumer Defensive2,73 billion $
53Sunac China Holdings Limited1918.HK🇨🇳ChinaReal Estate2,70 billion $17,99 billion CN¥
54LVMH Moët Hennessy - Louis Vuitton, Société EuropéenneMC.PA🇫🇷FranceConsumer Cyclical2,69 billion $2,41 Md€
55HSBC Holdings plcHSBC🇬🇧United KingdomFinancial Services2,68 billion $
56Christian Dior SECDI.PA🇫🇷FranceConsumer Cyclical2,67 billion $2,38 Md€
57Longfor Group Holdings LimitedLNGPF🇨🇳ChinaReal Estate2,63 billion $17,53 billion CN¥
58BNP Paribas S.A.BNP.PA🇫🇷FranceFinancial Services2,57 billion $2,30 Md€
59CVS Health CorporationCVS🇺🇸United StatesHealthcare2,57 billion $
60Citigroup Inc.C🇺🇸United StatesFinancial Services2,52 billion $
61Kweichow Moutai Co., Ltd.600519.SS🇨🇳ChinaConsumer Defensive2,51 billion $16,67 billion CN¥
62Altria Group, Inc.MO🇺🇸United StatesConsumer Defensive2,44 billion $
63Cigna CorporationCI🇺🇸United StatesHealthcare2,38 billion $
64Philip Morris International Inc.PM🇺🇸United StatesConsumer Defensive2,38 billion $
65Sberbank of RussiaSBER.ME🇷🇺OthersFinancial Services2,37 billion $190,50 billion ₽
66China Shenhua Energy Company LimitedCSUAY🇺🇸United StatesEnergy2,31 billion $15,38 billion CN¥
67Taiwan Semiconductor Manufacturing Company LimitedTSM🇹🇼TaiwanTechnology2,26 billion $73,74 Bn NT$
68SAP SESAP.DE🇩🇪GermanyTechnology2,17 billion $1,94 Md€
69Deutsche Telekom AGDTE.DE🇩🇪GermanyCommunication Services2,16 billion $1,93 Md€
70Mercedes-Benz Group AGMBG.DE🇩🇪GermanyConsumer Cyclical2,15 billion $1,93 Md€
71Unilever PLCUL🇬🇧United KingdomConsumer Defensive2,15 billion $1,92 Md€
72CITIC LimitedCTPCF🇭🇰Hong KongIndustrials2,14 billion $16,79 HK$ Bn
73Anglo American plcNGLOY🇬🇧United KingdomBasic Materials2,14 billion $
74Bristol-Myers Squibb CompanyBMY🇺🇸United StatesHealthcare2,12 billion $
75Shimao Group Holdings LimitedSIOPF🇭🇰Hong KongReal Estate2,12 billion $14,13 billion CN¥
76Royal Bank of CanadaRY🇨🇦CanadaFinancial Services2,11 billion $2,95 Bn CA$
77KDDI CorporationKDDIY🇯🇵JapanCommunication Services2,10 billion $331,45 Bn¥
78Commonwealth Bank of AustraliaCMWAY🇦🇺AustraliaFinancial Services2,10 billion $2,99 Bn AU$
79Hitachi, Ltd.HTHIF🇯🇵JapanIndustrials2,06 billion $325,25 Bn¥
80Enel S.p.A.ENEL.MI🇮🇹EuropeUtilities2,06 billion $1,84 Md€
81SanofiSAN.PA🇫🇷FranceHealthcare2,02 billion $1,81 Md€
82The Coca-Cola CompanyKO🇺🇸United StatesConsumer Defensive1,98 billion $
83Coca-Cola CoCOLA.NE🇨🇦CanadaConsumer Defensive1,98 billion $
84Fortescue Metals Group LimitedFSUMF🇦🇺AustraliaBasic Materials1,96 billion $
85SoftBank Corp.SFBQF🇯🇵JapanCommunication Services1,93 billion $304,53 Bn¥
86Anheuser-Busch InBev SA/NVABI.BR🇧🇪EuropeConsumer Defensive1,93 billion $
87Oracle CorporationORCL🇺🇸United StatesTechnology1,93 billion $
88Lowe's Companies, Inc.LOW🇺🇸United StatesConsumer Cyclical1,90 billion $
89Federal Home Loan Mortgage CorporationFMCC🇺🇸United StatesFinancial Services1,90 billion $
90PepsiCo, Inc.PEP🇺🇸United StatesConsumer Defensive1,89 billion $
91State Bank of IndiaSBKFF🇮🇳IndiaFinancial Services1,88 billion $178,93 Bn₹
92Poly Developments and Holdings Group Co., Ltd.600048.SS🇨🇳ChinaReal Estate1,88 billion $12,49 billion CN¥
93Vonovia SEVNA.DE🇩🇪GermanyReal Estate1,87 billion $1,67 Md€
94Surgutneftegas Public Joint Stock CompanySNGSP.ME🇷🇺OthersEnergy1,82 billion $146,40 billion ₽
95Novartis AGNOVN.SW🇨🇭EuropeHealthcare1,81 billion $
96Johnson & JohnsonJNJ🇺🇸United StatesHealthcare1,78 billion $
97Honda Motor Co., Ltd.HNDAF🇯🇵JapanConsumer Cyclical1,78 billion $279,99 Bn¥
98General Motors CompanyGM🇺🇸United StatesConsumer Cyclical1,77 billion $
99AXA S.A.CS.PA🇫🇷FranceFinancial Services1,72 billion $1,54 Md€
100Elevance Health Inc.ELV🇺🇸United StatesHealthcare1,67 billion $
Raw data (JSON)

⚠ Ranking provided for information purposes, based on public data. It does not constitute investment advice. Values may contain source errors and change with financial publications.

Frequently Asked Questions

About this ranking

How is this 2020 ranking established?
It ranks companies according to their corporate tax on fiscal year 2020, based on annual accounts and published data. No value is estimated: a company without this data is simply excluded.
Are the amounts comparable between countries?
Yes: amounts are converted to US dollars at the exchange rate of the calculation day, and the amount in the account currency is repeated under each value.
Is this ranking investment advice?
No. It is provided purely for informational purposes and does not constitute investment advice. Investing involves the risk of capital loss.

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