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Competitive Alternatives 2014 – International Results 

Tax competitiveness in Canadian cities and around the world

 

Focus on Tax is a supplement to KPMG’s Competitive Alternatives 2014 report, and provides an effective approach for international comparisons based on the tax results of different business scenarios around the world.

Top Highlights

 

  • For the second time, Canada ranked first among the 10 countries compared, with total tax costs 46.4% lower than the US
  • The UK is the most tax competitive in corporate services
  • Canada, the UK and the Netherlands all shows particularly low TTIs in R&D services, reflecting considerable incentives in those countries
  • Mexico surpassed Canada to rank first in the Manufacturing sector for tax competitiveness
  • Significant depreciation of the Japanese Yen over the last two years contributed in Japan’s 33.7 point decrease in TTI, the largest change among the 10 countries
  • Canada, UK and the Netherlands offer the lowest effective corporate income tax rates across a range of business sectors

 

For more information on how countries fared, view our infographic below, explore the Canadian results, or download the report [PDF 1.57MB] for more in-depth information.

 

Competitive Alternatives 2014 – Focus on Tax
Competitive Alternatives 2014 – Focus on Tax
Competitive Alternatives 2014 – Focus on Tax

 

KPMG can help

 

KPMG's global network of International Corporate Tax professionals consider the broad impact of international taxes, and assist businesses and organizations worldwide to manage tax liabilities and assist in future tax planning.

 

KPMG can help you:

 

  • Manage complexities of multiple tax systems and  regulations
  • Handle cross-border tax matters
  • Identify and secure grants and other government incentives
  • Enhance tax accounting methods and systems
  • Prepare tax and information returns and other disclosure requests
  • Seek tax-efficient exits from foreign markets
  • Define new venture and growth strategy, and determine supply chain optimization
  • Assist on due diligence and other related audit, tax, accounting and compliance issues

 

For more information, please contact Elio Luongo.

 Contact

Elio Luongo

Elio Luongo

Canadian Managing Partner, Tax

416-777-3586

Reports and Resources

Competitive Alternatives 2014 – Focus on Tax

 

Download Competitive Alternatives 2014 - Special Edition: Focus on Tax [PDF 1.57MB]

 

Download Competitive Alternatives 2014 "Focus on Canada" [PDF 2.5MB]

 

Download Full Report: Competitive Alternatives 2014 [PDF 11.6MB]

 

Focus on Tax 2014 – Slideshare Presentation

 

Study Archive

 

Media

Focus on Tax News Release

 

Focus on Tax Regional Backgrounder [PDF 143KB]

 

If you would like to arrange a media interview to discuss the Focus on Tax findings, please contact media@kpmg.ca.

 

What is Total Tax Index (TTI)?

Competitive Alternatives 2014 – Focus on Tax compares total tax costs between countries and cities using a Total Tax Index (TTI) for each location. The TTI is a measure of the total amount of taxes paid in a specific location by a corporation, as compared to the US average at 100.00.

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