UK ranked fifth among tax friendly countries
The UK has been named the fifth most tax friendly country in KPMG’s Competitive Alternatives 2010 Special Report.
The report assesses the general tax competitiveness of 95 cities in 10 countries: the US, the UK, Australia, Canada, France, Germany, Italy, Japan, Mexico, and the Netherlands. The analysis focuses on 41 major cities with populations greater than 2 million and compares the total tax burden faced by companies, including income tax, capital tax, sales tax, property tax, miscellaneous local business taxes, and statutory labour costs.
The biannual report compares the total tax cost between countries and cities using a Total Tax Index (TTI) score for each location, expressed as a percentage of total taxes paid by corporations in each location. A lower score is better because it means lower tax costs for businesses.
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