Well I’ll be damned. Obviously these are all countries where people go bankrupt at a massive rate due to medical debt with underperforming economies */s
Useless number.
It is effective tax rate that counts. Lots of nations got special rules, deductions or excemptions for specific productions.
Orban trying to make Hungary a new Ireland. The US mega corps be like: NOPE.
The rates used to be 30-40%+ in most of these countries (US as well) until the the past 20-25 years
With modern possibilities of transferring funds high taxes only result in tax evasion
This map would make Americans’ brains explode for a) how roughly comparable the tax rates are… And b) how the second highest taxed country has one of the healthiest business sectors.
The standard Corporate Tax rate in the Isle of Man and Jersey is 0%. Some companies may be charged 10/20% depending on their income streams.
People make too much noise about corporate income tax. The only people who care are shareholders because it reduces their dividends. If the shareholders are from outside the country it means that the profits stay inside the country instead of going elsewhere.
That said, the figures are actually much closer together than I expected.
(Detail: 25% is the highest rate in NL, small businesses pay only 20%)
ireland 💪
For Norway, oil companies pay an extra 56%, giving a total tax of 78% of profit.
Normal companies pay 22%.
I don’t understand the concept of high taxation, it’s as if I had an A+ grade and had to share with others to get a D+ in the end
In Europe? So many gray areas…
Portugal: Romania in disguise trying to follow Germany in any way they can.
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Source:
https://stats.oecd.org/index.aspx?DataSetCode=Table_II1
Well I’ll be damned. Obviously these are all countries where people go bankrupt at a massive rate due to medical debt with underperforming economies */s
Useless number.
It is effective tax rate that counts. Lots of nations got special rules, deductions or excemptions for specific productions.
Orban trying to make Hungary a new Ireland. The US mega corps be like: NOPE.
The rates used to be 30-40%+ in most of these countries (US as well) until the the past 20-25 years
With modern possibilities of transferring funds high taxes only result in tax evasion
This map would make Americans’ brains explode for a) how roughly comparable the tax rates are… And b) how the second highest taxed country has one of the healthiest business sectors.
The standard Corporate Tax rate in the Isle of Man and Jersey is 0%. Some companies may be charged 10/20% depending on their income streams.
People make too much noise about corporate income tax. The only people who care are shareholders because it reduces their dividends. If the shareholders are from outside the country it means that the profits stay inside the country instead of going elsewhere.
That said, the figures are actually much closer together than I expected.
(Detail: 25% is the highest rate in NL, small businesses pay only 20%)
ireland 💪
For Norway, oil companies pay an extra 56%, giving a total tax of 78% of profit.
Normal companies pay 22%.
I don’t understand the concept of high taxation, it’s as if I had an A+ grade and had to share with others to get a D+ in the end
In Europe? So many gray areas…
Portugal: Romania in disguise trying to follow Germany in any way they can.