Global tax rates, time to comply are on the decline
Tax rates have declined over the past few years and the administrative burden of paying a company's taxes continues to decline, according to a report by consulting firm PwC and The World Bank, "Paying Taxes 2013: The global picture." The report found that the U.S. total tax rate was 46.7%, a little higher than the global average. Its average time to comply was 175 hours, which was less than the global average. Business Finance (1/9)