Ethics and governance in the European Financial centers

Switzerland lives up to its reputation as a tax haven for companies, according to a report published & couple of days ago by the World Bank and professional services firm PricewaterhouseCoopers (PwC), that rated countries according to how much tax businesses were charged.

The "Paying Taxes 2008" is a study that provide with information relating to 178 countries.

The report concludes that more transparency and simplification is needed in tax reporting systems. Simplifying the tax system can encourage compliance and more transparency can help governments recognize the full contribution of businesses toward tax revenues

Read article Study confirms Switzerland as tax paradise

Know more about the Paying Taxes 2008 study