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 |