Two-thirds of companies would not shift to another country for any reduction in corporation tax.
Research by Grant Thornton of more than 3,400 businesses in 44 economies found that just a third (33%) would be tempted to move by the prospect of cutting their tax bills.
Business leaders in New Zealand are the most resistant to relocation, with 94% saying they would not move abroad for a lower corporate tax rate. They are followed by Georgia (92%), Switzerland (90%), France (88%), Germany (87%) and Ireland (86%). The economies in which the most businesses would move for a lower rate are Russia, India, Taiwan, Greece, Botswana and Norway.
More than two-thirds of business leaders would favour lowering the corporate tax rate in their country even if it meant eliminating some current tax deductions. Support was greatest in Vietnam (94%), Lithuania (92%), Malaysia (92%), Peru (90%), Greece (88%), Mexico (82%), India (81%) and the US (81%).
But three in five business leaders surveyed did not think their government was doing enough with tax measures to help ease economic pressures. The countries with the highest dissatisfaction were Argentina (92%), Japan (86%), Poland (82%) and Spain (82%).
Sally Percy is editor of The Treasurer