UK corporation taxes comparatively low but also the most complicated, reveals World Bank report

A new survey by the World Bank and PricewaterhouseCoopers has waded into the current debate on the competitiveness of the UK tax system by ranking the UK’s corporation tax regime as the 42nd highest out of 175 countries worldwide. According to a report in The Times , the UK scored well against other developed countries, and indeed was found to have the lowest corporate taxes of any of the G7 countries at the equivalent of 35.4% of profits. The US featured further down the scale in 89th place with corporation taxes worked out at 46% and France was in 150th position with a tax burden of 68.2% of profits.