{"id":7394,"date":"2016-07-19T13:59:41","date_gmt":"2016-07-19T13:59:41","guid":{"rendered":"https:\/\/www.investmentimmigration.com\/?p=7394"},"modified":"2019-02-12T13:48:15","modified_gmt":"2019-02-12T18:48:15","slug":"canada-has-lowest-business-tax-rates-in-world","status":"publish","type":"post","link":"https:\/\/www.investmentimmigration.com\/canada-has-lowest-business-tax-rates-in-world\/","title":{"rendered":"Canada Has Lowest Business Tax Rates in World, KPMG Says"},"content":{"rendered":"
Canada has the lowest business tax rates in the world, according to international accountancy firm KPMG.<\/p>\n
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The country came out on top across all sectors, from digital services and manufacturing to corporate services and research and development, in a new study titled \u2018Competitive Alternatives 2016: Focus on Tax\u2019.<\/p>\n
Total tax costs in Canada are approaching 50 per cent lower than the USA, which was used as the benchmark country for the report. The UK came in second and the Netherlands third.<\/p>\n
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Canada also dominated the major city section of the report (those with a population greater than two million), with Toronto (1st<\/sup>), Vancouver (2nd<\/sup>) and Montreal (4th<\/sup>) all in the top four. Manchester in the UK took third place.<\/p>\n Low tax rates for corporate, goods and services and sales were cited as the reasons for Canada\u2019s ranking. Business rates are not to be confused with personal tax rates, which remain high.<\/p>\n The study took taxes paid by companies and expressed them as a percentage of the taxes paid by similar firms in the US.<\/p>\n The benchmark US rate is record as 100, with Canada down at 52.4 as per the KPMG scoring system.<\/p>\n
\nKPMG Corporate Tax Ranking (Large Cities)<\/h3>\n