A report by KPMG ranked Toronto as the world’s most tax-competitive major city. The report, Competitive Alternatives 2014: Focus on Tax, ranked Toronto first overall among 51 major international cities studied.The study assessed tax competitiveness by comparing various tax rates in each location including: corporate income tax, property taxes, capital taxes, sales taxes, miscellaneous local business taxes and statutory labour costs.
| Ranking | City |
|---|---|
| 1 | Toronto, Canada |
| 2 | Vancouver, Canada |
| 3 | Montreal, Canada |
| 4 | Manchester, UK |
| 5 | Monterrey, Mexico |
| 6 | Mexico City, Mexico |
| 7 | Cincinnati, United States |
| 8 | Eindhoven, Netherlands |
| 9 | Twente Region, Netherlands |
| 10 | London, UK |