Grant Thornton Survey Finds That 67% of Businesses Would Not Locate to Another Country for Any Level of Reduction in the Corporate Tax Rate

Majority support reducing their current rates by giving up certain deductions; asking local governments to do more

LONDON--()--A Grant Thornton survey of more than 3,400 businesses in 44 economies finds that 67% would not relocate their business to another country for any level of reduction in their corporate tax rate.

Business leaders in New Zealand are the most resistant to relocation – 94% say they would not move abroad for a lower corporate tax rate. They are followed by Georgia (92%), Switzerland (90%), France (88%), Germany (87%) and Ireland (86%). The economies in which the most businesses would move for a lower rate are Russia, India, Taiwan, Greece, Botswana and Norway.

Over two-thirds of business leaders (68%) would favour lowering the corporate tax rate in their country even if it meant eliminating some current tax deductions. Support was greatest in Vietnam (94%), Lithuania (92%), Malaysia (92%), Peru (90%), Greece (88%), Mexico (82%), India (81%) and the United States (81%).

Three in five business leaders surveyed (61%) did not think their government was doing enough with tax measures to help ease economic pressures. The countries with the highest dissatisfaction were Argentina (92%), Japan (86%), Poland (82%), Spain (82%), Latvia (78%), Australia (77%) and Denmark (76%).

The survey was conducted by Experian in November and December 2012 as part of the quarterly Grant Thornton International Business Report with 3,450 respondents in 44 economies.


Grant Thornton
John Vita, 312/602-8955

Recent Stories

RSS feed for Grant Thornton International

Release Tags