New research covering 86 countries has confirmed that while low corporate tax rates can help give a country a significant competitive advantage over economic rivals, the advantage tends to be short term.

The study by KPMG International did say that while low rates are connected with higher-than-average economic growth, the rates should be backed up with a solid legal and economic infrastructure and targeted incentives if countries are to attract long-term, private sector investment.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access