Mexico #1 for lowest corporate taxes according to KPMG

Viva Mexico!  KPMG has listed Mexico as the number one nation for lowest corporate taxes.  Number 2?  Canada, another NAFTA partner. 

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:

1. Mexico
2. Canada
3. Netherlands
4. Australia
5. UK
6. US
7. Germany
8. Italy
9. Japan
10. France

If you would like to read more about the tax study and Mexico, please click here.