The EU’s leadership has called for a common corporate tax policy throughout Europe.As of now however, there is a variation of more than 40 per cent in how European countries tax corporation’s profit, according to the Doing Business Project from the World Bank Group.
We’ve ranked the 10 countries that take the most of their businesses profits on average and detailed any potential changes these countries might make.
Total Tax Rate (% of profit): 68.6%
Dolce and Gabbana allegedly set up a holding in Luxembourg to avoid paying the high taxes in Italy. The fashion designers are in good company, Prime Minister Berlusconi was also accused of tax fraud. His company Mediaset allegedly artificially lowered profits to avoid paying higher taxes.
Source: Doing Business
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