Paris toughest city for tax says KPMG
KPMG Canada study says Paris puts the biggest tax burden on businesses
Paris has been topped a list of the toughest places for businesses in terms
of tax demands by KPMG.
The Canadian firm found that Paris was ‘the most expensive for taxes, with
the cities of Naples, Frankfurt, London and Yokohama close behind’ in its
‘Competitive Alternatives 2008 Special Report: Focus on Tax’ study.
KPMG Canada looked at taxes paid by businesses in Australia, Canada, France,
Germany, Italy, Japan, Mexico, the Netherlands, the UK and the US.
Paris was found to be hardest on businesses when the effective corporate
income tax rate, other business taxes such as capital, property and sales were
combined with employer contributions to benefits including pensions and medical
plans.
In the UK, Alistair Darling is currently battling to keep companies from
shifting their tax bases as businesses and advisers pan the uncertain tax
framework in which they currently operate.
Further reading:
Read
the full KPMG Canada report