IN EASE OF PAYING TAXES, WE'RE #76
April 7, 2008
In "Paying Taxes 2008," its second annual report on corporate taxation produced in tandem with PricewaterhouseCoopers, the World Bank seeks to compare the ease of paying taxes in 178 countries around the world.
According to the researchers:
- Despite the popular perception of America as a land of laissez-faire, the United States ranks only 76th.
- This means it is easier to pay corporate taxes in Lithuania (71st), Germany (67th), Portugal (66th), Belgium (65th), Sweden (42nd), Australia (41st), the Netherlands (36th), Estonia (31st), Canada (25th), Norway (16th), Denmark (13th), the United Kingdom (12th), New Zealand (9th) and Ireland (6th) than it is here.
The 2008 survey stresses that government revenues can be enhanced by simplifying tax systems and compliance obligations. Hopefully, says the American, our presidential candidates are listening.
Source: "In Ease of Paying Taxes, We're #76; What the United States can learn from Europe when it comes to corporate taxation," The American, March/April 2008; based upon: "Paying Taxes 2008: The Global Picture," World Bank/PricewaterhouseCoopers, February 2008.
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