The states would reduce the corporate income tax worldwide
The corporate income tax rate has declined by nearly a third in recent decades globally, according to the latest international analysis by the Tax Foundation covering 208 countries.
On average, in Europe, this tax is the lowest, while in Hungary it provides one of the most favorable investment environments in the region with its 9 percent ratio.
For nearly 40 years, the weighted average corporate tax rate has been steadily declining. According to the Tax Foundation’s analysis, it dropped from 38.8 percent in 1980 to 26.5 percent by 2018
Related news
This is how artificial intelligence became part of everyday life
Artificial intelligence (AI) has become an almost invisible part of…
Read more >Burberry’s quarterly revenue fell 5.5 percent
The British Burberry Group, one of the world’s leading luxury…
Read more >It’s not enough to talk about it anymore: seven priority sustainability topics are on the agenda of Hungarian companies
Reporting is not only a legal obligation, but also a…
Read more >Related news
Carrefour sells Italian branch to NewPrinces Group
Carrefour has entered into a binding agreement with NewPrinces Group…
Read more >Does food become more expensive because it passes through too many hands? – Tamás Éder spoke about supply chains and the illusion of “shortening”
Many people believe that food prices could be cut if…
Read more >