Published annually since 1993, this KPMG International survey compares corporate income tax rates and value added tax rates from 114 countries.
Among the facts it presents is that the average global corporate income tax rate has dropped slightly from 24.03 percent to 23.45 percent in the last year. During this same period, the average value added tax rate also dropped slightly—from 13.05 percent to 13.02 percent.
The report also points out that a large number of countries are either considering—or have already begun implementing—substantial reform to their tax systems. As a result, it is likely that rates will continue to fluctuate, perhaps substantially, as new tax regulations come into effect during the last few months of 2010 and beginning of 2011.
The survey was developed by tax professionals from across KPMG’s global network of member firms. Corporate income tax rates as at July 1, 2010, are presented with their equivalent each year back to 2000; value added tax rates are presented going back six years.
KPMG’s 2010 Global Corporate and Indirect Tax Survey (English only, PDF / 1.7 MB)