European Corporate Tax Rates under pressure

| April 30, 2012 | 0 Comments

EU Corporate tax rates tredning down

The European corporate tax rates have been under massive pressure since the year of 2000. The average tax rate of the European Union is currently situated at 23%, and the trend downwards is likely to continue, albeit not as significantly as before. Several European countries have hinted that new cuts in the corporate tax rates are luring under the surface, among those are the United Kingdom.

Take a look at the coporate tax rates of the European Union as they stand today. We have also added the changes in corporate tax rate in each country since the year of 2000. As you can see the general trend is clearly pointing south.

Please note that certain countries have specific rules that allow for tax strategies which dampen the real effective corporate tax rates. An example of this is Estonia which has an effective tax rate of 0 percent if certain circumstances are met (most importantly that the capital is retained within the company). Without further ado, here is your Europen corporate tax rate overview, courtesy of worldtaxguide.com :

 

Country Current corporate tax rate Change between 2000-2012
Bulgaria 10 -22,5
Cyprus 10 -19
Irleland 12,5 -11,5
Latvia 15 -10
Lithuania 15 -9
Romania 16 -9
Poland 19 -11
Slovakia 19 -10
Czech Republic 19 -12
Greece 20 -20
Slovenia 20 -5
Hungary 20,6 1
Estonia 21 -5
Finland 24,5 -4,5
Denmark 25 -7
Netherlands 25 -10
Austria 25 -9
UK 26 -4
Sweden 26,3 -1,7
Luxembourg 28,8 -8,7
Portugal 29 -6,2
Germany 29,8 -8,9
Spain 30 -5
Italy 31,4 -9,9
France 34,4 -3,4
Malt 35 0
Belgium 35,5 -6,2

Category: corporate tax news

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