The 2011 story of the world's corporate and indirect tax rates continues that of the one told in previous years. According to KPMG International's annual Corporate and Indirect Tax Survey, corporate tax rates have been steadily falling for a decade, while value added tax and goods and services tax (VAT/GST) systems have been introduced across the globe, rising to higher rates and applying to more items as indirect tax systems mature.
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The 2011 Global Corporate and Indirect Tax Survey compares corporate and indirect tax rates from over 125 countries and includes a new online tax rates tool for clients.
With the new tool users can:
- compare a particular tax rate (e.g. corporate tax) between up to five countries
- choose the years that they want to compare
- view the corporate and indirect tax rates for a particular country.