Global Indirect Tax Rates Rose in 2010 with More Increases On the Horizon: Kpmg Report ; Global Corporate Tax Rates Fell in 2010; U.S. Companies Face Compliance Challenges

U.S. Newswire › January 20, 2011

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NEW YORK, Oct. 14 /PRNewswire/ -- Global indirect tax rates increased slightly in 2010 and additional upticks are on the horizon as governments look to increase revenue, according to KPMG International's 2010 Global Corporate and Indirect Tax Report released today.

The average global indirect tax rate increased slightly from 15.41 percent in 2009 to 15.61 percent in 2010, while the average global corporate tax rate decreased slightly from 25.44 percent in 2009 to 24.99 percent in 2010, according to the KPMG report.

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Global Indirect Tax Rates Rose in 2010 with More Increases On the Horizon: Kpmg Report ; Global Corporate Tax Rates Fell in 2010; U.S. Companies Face Compliance Challenges

"It seems clear that governments worldwide plan to use indirect taxes as one route to help create a more stable tax base and raise revenue to fund stimulus packages or tackle government debt," said Rodney Lawr...

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