• Details
    • Service: Tax, International Corporate Tax, Global Indirect Tax
    Type: Business and industry issue
    Date: 10/19/2009
    Global - Issues & insights
    KPMG's Corporate and Indirect Tax Rate Survey 2009 
    KPMG’s international tax practice has been tracking the movements of corporate tax rates around the world since 1993.

    Up until this year, the long term trends have been strong and consistent. Against a background of international tax competition, corporate taxes have been driven steadily down. Indirect taxes, though generally stable, have extended their reach into many areas of the modern economy, to become an increasingly important component of many governments revenues.
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    KPMG's Corporate and Indirect Tax Rate Survey 2009 
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    But now, the reduction in corporate taxes has slowed. In some parts of the world it has stopped altogether. While indirect tax remains a potent tool, with a broader base and higher rates still high on government agendas, the effects of recession are forcing many governments to reassess their long term revenue policies.
     

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