Corporations are no longer just competing in their own geography. With the growth of digitalization and innovation, the world is coming closer. While access to global markets and talent, ability to pursue business round the world has become easier, large nations with important economies like United Nations are face limitations because of the international competition. There are large variations in the tax rates when they operate globally and this increases the tax burdens. There is a constant pressure on the governments to seek tax competitiveness as a policy goal. This helps prevent loss of tax base.
Deduction of the interest expenses
