KPMG has released Competitive Alternatives Special Report: Focus on Tax (2012 Edition):
Our goal in preparing this supplement is to offer a
wide-ranging methodology to assess the numerous
and complex factors affecting a company’s tax burden,
in order to provide a simple and effective approach for
cross-location comparisons based on the tax results of
different business scenarios.To this end, this report compares the total tax
burden faced by companies in each country and
city, including:
- Corporate income taxes
- Capital taxes
- Sales taxes
- Property taxes
- Miscellaneous local business taxes
- Statutory labor costs (i.e., statutory plan costs
and other wage-based taxes).Total tax costs are compared between countries
and cities using a Total Tax Index (TTI) for each
location. The TTI is a measure of the total taxes paid
by corporations in a particular location, expressed
as a percentage of total taxes paid by corporations
in the US. Thus, the United States has a TTI of
100.0, which represents the benchmark against
which the other countries and cities are scored.The United States ranks 8th in tax competitiveness, down from 6th last year:
The leading U.S. city in tax competitiveness is Cincinnati, which ranks16th:
(Hat Tip: Joshua LeFevre.)
