Slight Fall in Corporate Tax

Politics ♦ Published: October 18, 2010; 15:48 ♦ (Vindobona)

On the other hand, indirect taxes experienced an increasing trend. Despite tax competition, tax increases are expected due to budget needs.

Slight Fall in Corporate Tax / Picture: © KPMG

The average rate fell slightly in 2010 for corporate taxes, from 25.44% to 24.99%. In contrast, indirect tax rates increased worldwide by 0.2 percentage points (from 15.41% to 15.61%). A study released by KPMG (Corporate and Indirect Tax Survey 2010) shows significant changes in the international tax system.

The Austrian corporate tax rate remained stable at 25%, staying well…