Corporate tax rates in Canada are higher than in the European Union, but still below rates in the United States, according to a survey released today by KMPG

The survey shows that Canada’s rate of 36.1% is higher than the EU average of 25.04% and the OECD average of 28.31%, but still below the U.S. rate of 40%.

Despite a general global trend toward falling tax rates, Canada’s rate is unchanged from 2005.

The KPMG survey covers 86 countries, including the 30 member countries of the OECD, the 25 EU countries, 19 countries in the Asia Pacific region and 19 countries in Latin America.

The countries with the highest rates were Japan at 40.69% and the U.S. at 40%.

Overall, the survey results show that the global trend towards lower corporate tax rates over the last several years remains strong. Of the 86 countries surveyed, the majority had either kept their tax rates unchanged since 2004 or had reduced them.

Rate reductions were most pronounced in Europe, where the average statutory corporate income tax rate fell to 25.04% from 25.32%, thanks to rate cuts in six EU member states including France, Greece and the Netherlands. This rate compares with average rates of 28.31% for the OECD countries, 28.25% for Latin America and 29.99% in the Asia Pacific region.

The largest reductions were in Barbados (down 5% to 25%), Albania (down 3% to 20%), Israel (down 3% to 31%) and India (down 2.9% to 33.66%).

Countries reporting significant increases were the Dominican Republic (up 5% to 30%) and the Philippines (up 3% to 35%).