Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 9/27/2012

Canada - Tax competitiveness when compared to 14 global economies 

September 27: Canada is the second most tax competitive country among 14 major global economies, after India, and took the top spot among mature markets, according to KPMG’s Competitive Alternatives 2012: Focus on Tax (Focus on Tax) study.

Three Canadian cities—Vancouver (2nd), Toronto (5th) and Montréal (6th)—ranked in the top 10 among 55 major international cities studied.


The global KPMG study assesses the general tax competitiveness of 55 major international cities in 14 countries, and for the first time, the 2012 study features four major high growth countries—Brazil, Russia, India and China (BRIC).


Focus on Tax is a supplement to KPMG’s 2012 Competitive Alternatives (March 2012), a global study comparing total business costs across 14 countries. Focus on Tax compares the total tax burden faced by companies in each country and city, including: corporate income taxes, capital taxes, sales taxes, property taxes, miscellaneous local business taxes, and statutory labour costs, resulting in a “total tax index” for each location based on 19 different business operations in four sectors.




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The KPMG logo and name are trademarks of KPMG International.


KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever.


The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.


Direct comments, including requests for subscriptions, to go-fmtaxnewsflash@kpmg.com.
For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at:

+ 1 202 533 4366

1801 K Street NW
Washington, DC 20006.

 

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