Author (s):
PricewaterhouseCoopersDate:
2008Abstract:
Paying Taxes provides a comparison of the world’s tax systems from the point of view of a case study company. The aim is to provide insights and data, which will assist the process of tax reform and to gain a more in-depth understanding of the results. It is also important to look beyond the rankings to the underlying data. As well as the individual rankings on the ease of paying taxes around the world. The Paying Taxes study highlights how businesses are affected not only by corporate income taxes, but also by many other taxes. In addition, it shows how the procedural burden of tax compliance impacts companies.The Paying Taxes data, produced as part of the World Bank – IFC’s Doing Business study, measures the ease of paying taxes for small- to medium-sized domestic companies around the world. The Doing Business ‘paying taxes’ indicator is based on a case study company and assesses taxes from this company’s perspective using three indicators:
- The Total Tax Rate (the cost of all taxes borne by the company)
- The time taken to comply with the major taxes
- The number of tax payments for the major taxes
