10 Most Tax Competitive Countries According to KPMG Report

Taxes are something that matter to every individual and business – they are one of the few certain things in life. Taxes can play a role into how lives are lived and business is conducted. As a Canadian call centre we were interested to see how our country compared on a global scale for tax competitiveness. We’ve explored where Canada ranked before in posts like the best country to live, the smartest countries, the happiest countries, the  most peaceful countries, the friendliest countries, the most charitable countries, the best countries for quality of life, the best countries for business, the top countries for life expectancy, the best countries for working women, the best country for child well-being, the best countries for higher education, the most popular countries, the least corrupt countries, the countries with the best reputation, the best countries for ease of doing business, the best countries for starting a business, the best country for business, the best country for customersatisfaction, the best countries with the most competitive economies, the best countries for entrepreneurship, the most sustainable countries, the best countries to grow old, the best country brand, the best countries for business, the most sustainable countries, the most charitable countries, the most prosperous countries, the countries with the highest minimum wage, the safest countries, the best countries with the highest average salary, the best countries for social progress, the best countries for working women, the best countries for mothers, the best countries for average life expectancy at birth, the most popular countries, the most gay friendly countries in the world, the most peaceful countries, the best countries for giving back and best countries for global professionals on the move. Today we’ll be adding the 10 most tax competitive countries according to the Competitive Alternatives Special Report: Focus on Tax 2014 Edition released by KPMG.

KPMG International “operates as a network of member firms offering audit, tax and advisory services.” Basically, they know what they are talking about when it comes to taxes. When compiling this data they wanted “to offer a comprehensive methodology to assess the numerous and complex factors affecting a company’s tax burden.” They were able to achieve their goal by comparing the “total tax burden faced by companies in each country including: corporate income taxes, property taxes, capital taxes, sales taxes, miscellaneous local business taxes and statutory labor costs (i.e., statutory plan costs and other payroll-based taxes).” By assessing taxes on so many levels they were able to present an overall accurate reflection of the tax situation in each of the 10 countries. According to this data, the 10 most tax competitive countries are:

1. Canada – 2012 rank: 1
2. United Kingdom – 2012 rank: 3
3. Mexico – 2012 rank: 2
4. Netherlands – 2012 rank: 4
5. United States – 2012 rank: 5
6. Australia – 2012 rank: 7
7. Germany – 2012 rank: 6
8. Japan – 2012 rank: 8
9. Italy – 2012 rank: 9
10. France – 2012 rank: 10

They found that “Canada has the lowest Total Tax Index at 53.6. In other words, total tax costs in Canada are 46.4 percent lower than in the United States, which has a TTI of 100.0 and represents the benchmark against which all locations are scored.” This information on Canada’s tax competitiveness makes it a more appealing location to both live and do business.

_________________________________________________________________________________________________________________

Miratel Solutions is a Toronto call centre, eBusiness, and letter shop mail house specializing in professional fundraising services including inbound telephone fundraising, outbound telephone fundraising, online fundraising, lottery fundraising services, donation processing and receipting and direct mail fundraising services. We are committed to our CSR business values in all our business decisions  and advancing the missions of the nonprofits we proudly serve.