The U.S. has long held itself as a bastion of business and economic might. While its historical credentials may warrant this standing, trends in recent years have slid in the opposite direction.
Forbes magazine's most recent rankings of the best countries for business shows the U.S. fell to No. 10 this year, down from No. 9 in 2010. Meanwhile, Canada surged to snag the top spot from Denmark, reflecting the U.S. neighbor's relatively stable economy through the recession and ensuing anemic global recovery.
Analysts credited Canada's strong banking system, which maintained a conservative lending policy through the financial collapse in the U.S., as well as the country's relatively low unemployment rate and innovative marketplace.
"Canada moves up from No. 4 in last year's ranking thanks to its improved tax standing," reports Kurt Badenhausen for Forbes. "It ranks ninth overall for tax burden compared to No. 23 in 2010. Canada’s tax status also improved thanks to reduced corporate and employee tax rates."
The U.S has maintained its position as one of the top innovative economies in the world, however, ranking sixth in patents per capita among all nations. Sweden took the top spot in that category.
Tags : Taxes, Corporate Books, LLC, LP, New York, California, Operating Agreements
Posted: Oct 17th, 2011