PWC - Paying Taxes 2014: The global picture. A comparison of tax systems in 189 economies worldwide - November 2014
Tax and how tax systems operate has firmly moved up the agenda not only for governments, business and the media but also for the man and woman on the street. There are radical proposals under discussion which may change the way in which the international tax system works and so providing robust information to inform those discussions has never been more important.
Paying Taxes 2014 is a unique study which investigates and compares tax regimes across 189 economies worldwide, ranking them according to the relative ease of paying taxes. Paying Taxes looks not only at corporate income tax, but at all of the taxes and mandatory contributions that a domestic medium-size case study company must pay. It considers the full impact of all these taxes in terms of both their tax cost and their compliance burden on business.
The main objective of the report is to supply business leaders and policy makers with robust data to enable tax systems to be compared on a like for like basis, and to help inform the dialogue which underlies the development of tax policy.
The 2014 report finds that on average a medium-sized company has a total tax obligation of 43.1% of profits, making 26.7 payments and needing 268 hours to comply with its tax requirements.