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Corporate tax in the West: Ukrainian model of taxation looks reasonable

[IMG]https://img.112.international/original/2018/04/22/272638.PNG">
AFP
While disputes about the tax on withdrawn capital have become less active in Ukraine, there is a new round of heated discussions about the need for an overhaul of international corporate taxation in the EU and the USA.
The European Parliament (TAX3 Committee) in January held a hearing on the “Evaluation of the tax gap” in the EU, during which the study “Effective tax rates for transnational companies in the EU” conducted by Petr Jansky (COFFERS) based on 63 countries was published.
In short, the conformity assessment of nominal and effective tax rates (ESN) on profits was conducted. The findings are more than useful:
- a huge number of loopholes and exceptions led to the fact that a number of jurisdictions, having formally high nominal tax rates, actually managed to achieve a significant reduction - the lowest effective tax rates are in Luxembourg (2.2%!), Hungary (7.5% ), Cyprus (9.6%), the Netherlands (10.4%) and Latvia (10.6%);
Read the original text at 112.ua.
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