U.K., Russia Offer Lowest Rates of Corporate Tax, Study Finds
Corporate tax rates globally average 27 percent, UHY says
Group of Seven economies impose corporate levies of 32 percent
U.K. Chancellor of the Exchequer George Osborne called corporate tax “one of the most distortive and unproductive taxes there is” last month when he announced plans to lower the rate to 17 percent by 2020 and said he aims to make British tax rates among the world’s lowest.
Six of the countries assessed by UHY have cut corporate taxes in the past two years while just two, Israel and India, have raised them.