According to KPMG’s Competitive Alternatives 2012: Focus on Tax, Montreal, Vancouver, and Toronto are amongst the top ten most tax competitive cities in the world. Montreal and Toronto ranked 5th and 6th respectively, but Vancouver fared particularly well, ranking 2nd in the world.
The most tax competitive city in the world was Chennai, India.
The study assess the tax competitiveness of 55 international cities in 14 countries. Canada is the second most tax competitive country after India and took the top spot among mature markets.
In an article from Van City Buzz, Elio Luongo, Canadian Managing Partner, Tax, KPMG in Canada says that, “The study provides an effective approach for international comparisons based on the tax results of different business scenarios.”
“Canada continues to offer a very competitive tax structure, which is crucial to attracting inbound investment, spurring innovation, and creating skilled jobs that support our families and communities in Canada,” he continued.
Check out the neat 2012 KPMG Tax Study Chart below: