Monday, June 28, 2010
Mexico #1 for lowest corporate taxes according to KPMG
The study takes into consideration capital tax, income tax, sales tax, property tax, local business taxes and taxes related to labor. Mexico has a flat sales tax, called IVA (impuesto al valor agregado) which this year rose to 16%.
The US is automatically scored at 100, while Mexico had an overall score of 59.9 and Canada 63.9.
Here are the top 10 corporate tax friendly nations according to KPMG:
If you would like to read more about the tax study and Mexico, please click here.