UK ahead of France and Germany in SME stakes Analysis of 13 economies by Euler Hermes concludes that Britain provides a better environment for SMEs than France and Germany. Canada was rated the best place to run an SME, followed by Hong Kong and the United States. Britain was ranked seventh in the list of large and developing economies with its strong showing in areas such as access to finance offset by issues such as the relative difficulty its companies have in doing business overseas. Parity with larger companies when it comes to corporation tax rates also went against Britain. Canadian small businesses pay a corporation tax rate of only 9%, compared with its standard rate of 28%.