According to the firm, the guide is a tool to enable tax professionals to access the current tax rates and other major tax law features in a wide range of countries.

The guide, Worldwide Tax Summaries - Corporate Taxes 2016/17, is available in several formats, including a free online version , as well as a hard copy available for purchase.

The online version enables users to select a country and then choose from a list of various tax-related topics for both corporates and individuals. For corporates, the sub-topics include significant developments, branch income, deductions, tax credits and incentives, as well as withholding tax.

There is also a 'Quick Charts' option to get a quick overview of a country's tax, as well as an option to compare the tax environments in two countries.

Recent tax developments

Some of the recent tax developments included in the guide include:

• Israel's corporate tax rate reduced from 26.5% to 25%
• Vietnam's CIT rate reduced from 22% to 20%
• Norway's CIT rate reduced from 27% to 25%
• Dominica's tax rate reduced from 28% to 25%
• Pakistan's corporate tax rate reduced from 33% to 32%

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CTMfile comment: The free online version of this guide is easy to use and provides detailed and up-to-date global tax information. It should be a useful tool for all corporate treasurers who need to consider various tax regulations while planning corporate cash management.