There are fundamental changes in attitudes and approaches to tax all over the world. Tax rates are going up and down and there is no consistent approach. One of the biggest challenges today is that tax law is local but businesses are global. The complexity of applying national tax laws to companies that operate internationally causes problems. Many countries use their tax systems to compete for investments and jobs, and to benefit from the foreign activity of their own multinationals.
KPMG’s 2014 Corporate and Indirect Tax Rate Survey shows that, since the publication of the survey’s previous edition in 2012, 13 countries increased their indirect tax rate and none decreased. Nine countries increased their corporate tax rate and 24 decreased. The increases in indirect...
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