Posted Sep 25, 2012, 6:41 PM
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Join Date: Apr 2007
Location: Greater Victoria
Posts: 3,083
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Vancouver loses first place in international tax ranking: KPMG
BIV Jenny Wagler
Tue Sep 25, 2012
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Chennai, India, has displaced Vancouver as the world’s most competitive tax jurisdiction for a large international city, in a ranking released by KPMG this morning.
When KPMG last analyzed rankings two years ago, Vancouver came in first among major international cities.
However despite the comparative slip, Vancouver’s 2012 score on KPMG’s total tax index – which measures total taxes paid by corporations in a location – has improved this year.
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This year’s study found that Canada is the second most tax-competitive country after India among 14 major global economies. Besides Vancouver’s second place ranking internationally among peer cities, Toronto (fifth) and Montreal (sixth) also ranked in the world’s top 10 major international cities for tax competitiveness.
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