Companies contribute a much larger portion of their profit to taxes and social contributions in certain countries than in other parts of the world.
A PwC report for the World Bank has spent 14 years collating data on how different nations manage taxes.
The report looks at the percentage of profit companies spend on tax and social contributions from one country to another.may end up having to contribute a much larger portion of their profit to taxes and social contributions than in other parts of the world.that analysed taxes in 190 countries, the last two decades have seen considerable change in how economies across the world manage tax.
Though some countries may have similar tax rates to others, companies in certain nations may end up having to contribute a much larger portion of their profit to taxes and social contributions than in other parts of the world. Scroll down to see the 29 countries where companies contribute more of their profits to tax, ranked from lowest to highest by their Total Tax and Contribution Rate — as well as this, the amount of time required to comply with VAT obligations in hours has also been included for each country, to identify the economies in which tax compliance is becoming easier.
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