The new study in the PricewaterhouseCoopers survey which was issued today looks at three specific metrics — tax rates, the average number of hours businesses devote to paying taxes each year, and how many times a year they must file. The latter two relate to the ease of operating in the country, and PwC says it is more important than many believe.
"The economic analysis to compare the paying taxes indicators with gross domestic product and foreign direct investment suggests that while higher business taxation can be linked to slower economic growth and international investment, reducing the administrative burden and complexity of the tax system can potentially be linked to a greater change in overall growth," the report states.
In the overall comparison, the United Arab Emigrates, Qatar and Saudi Arabia place in the top three. Ireland, at six, is the only other designated industrial country in the top 10. Most African and South American scored poorly on the measure
Canada's scored eighth place, the United Kingdom scored 16, followed by France at 53, the United States, 69, Germany 72, Japan, 127 and Italy, 131.
EU-Digest
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