Rodent Regatta

Someone explain to me why there’s not a clear correlation between the tax rates of sixty nine countries shown in this KPMG report and the winners and losers in the offshoring trend. Note this quote:

”Although the survey captures an interesting snap shot of global tax rates, it must be remembered that a low tax rate does not necessarily signify a low tax burden. Consequently, one must consider a particular nations tax base to properly gauge the tax burdens.”