| richardhutnik said: According to Inc. magazine, Canada clocked in at #3 most favorable countries in the world to start a business in. The United States wasn't even in the top 10. Is this because Canada has less regulations and welfare to hinder businesses from starting up than the United States? http://www.inc.com/ss/9-best-countries-start-business-right-now#7 |
Could be... less regulations that is.
Canada does rank higher then the US on the "Heritage Index of Economic Freedom." Scoring 5 points higher on buisness freedoms... and there effective buisness tax is much lower i believe.
Indicating they have less regulations on buisnesses and lower taxes on them.
EDIT: Yep, Canadian corporations pay on average 19.8%. American Corporations 25.7%.
I somehow doubt Rwanda is actually in the top 10 for starting a buisness though...
