Canada has been ranked amongst the top 3 destinations globally for launching overseas businesses while Switzerland takes the first position:
|Rank||Nation||Corporate Tax %|
|7.||The Czech Republic||19%|
1. Switzerland – It boasts of the lowest rate of Corporate Tax in the world. Profits of companies are taxed at just 8.5% at the federal level.
2. Ireland – This nation has been transformed its economy and attracted major overseas firms owing to a low rate of corporate tax at 12.5%.
3. Canada – It has enticed infinite US firms due to the low rate of corporate tax at 15%. This is to the extent that the US had to recently decrease its tax rate by 14%.
4. Germany – Businesses here pay corporate tax on average at a rate of 15.9%. There are other trade factors that inflate the tax liabilities.
5. The UK – By April 2020, it is reducing the corporate tax rate by 2% to just 17%. The lowering of tax has stimulated overseas investment to the nation according to the UK Government.
6. Poland – The Government here is vigilant on erring firms for tax liabilities. This nation nevertheless has a lax taxation system and low rate of corporate tax at 19%.
7. Czech Republic – It is an appealing destination for investors to launch overseas businesses. The rate of corporate tax is low at 19% and the income tax is even lower at 15%.
8. Iceland – Icelandic firms pay just 20% corporate tax. It is also perceived as a leader in low enterprise taxation.
9. Finland – Taxes here tend to be steep. VAT is imposed at up to 24% on several goods and services. On the other hand, corporate tax is low and nice at just 20%.
10. The US – The corporate tax has been lowered by the Trump administration from 35% to 21%. Nevertheless, it has to be seen whether the decrease will attract investors to launch overseas businesses in the US, as quoted by the CBO.
Y-Axis offers a wide range of visa and immigration services as well as products to overseas immigrants including Business Visa for Canada, Work Visa for Canada, Canada Migrant Ready Professional Services for Express Entry Full Service, Canada Migrant Ready Professional Services for Express Entry P R Application, Canada Migrant Ready Professional Services for Provinces, and Education Credential Assessment. We work with Regulated Immigration Consultants in Canada.
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