The 20-year-trend in lowering the tax burden on business is being bucked by
countries in Africa, Latin American and the former Soviet Union.
In Burundi, Gambia, Sierra Leone and the Democratic Republic of Congo,
companies with even a 20% profit margin find themselves unable to pay all their
business taxes, while in seven other countries, businesses had to pay tax twice
Situations are not better in Papua New Guinea, Syria and Zimbabwe where tax
forms have to be taken to the tax office ‘in person’ and discussed to ensure
calculations are correct.
The World Bank’s study on tax systems around the globe also reveals that more
than a third of countries have, however, improved their business tax systems in
the last three years, the FT reported.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states