In search of better tax outcomes

Issue link:

Contents of this Issue


Page 0 of 2

In search of better tax outcomes Exploring the world of tax inversions Taxing decisions With highly efficient labour markets, a solid institutional environment and a strong banking system, Canada has long been considered one of the most competitive nations in the world. In fact, in its most recent rankings in 2014, Bloomberg declared Canada the second best country in the world for business (behind only Hong Kong), due in part to the receptivity of its consumers— measured by the size of its middle class, household consumption and GDP per capita. 1 Yet one of Canada's true differentiators is missing from these rankings: its corporate tax rates. As of 2015, Canada's combined federal corporate tax rate ranges from 25 percent to 31 percent (depending on the applicable provincial rate). Admittedly, some other countries have lower total tax rates, including Ireland at 12.5 percent, the UK at 20 percent and Denmark at 23.5 percent. 1 Bloomberg Rankings, January 21, 2014. "Best Countries for Business 2014." Accessed at on November 9, 2015. CORPORATE TAX RATES

Articles in this issue

Links on this page

view archives of Insights - In search of better tax outcomes