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The total tax burden indicator quoted is not the same as the income tax rate of a particular company. Percentages and ranking positions must not be presented as the current tax cost of an investment. The facts, tax period, residence and applicable obligations all need to be considered.
The text of the original article
On the basis of World Bank data, Il Sole 24 Ore examined 36 countries and produced a global ranking, placing Italy in the leading position worldwide at 64.8%.
Bulgaria, with its 10% flat tax on corporate profits, ranks 31st, followed by Ireland, Denmark, Cyprus, Luxembourg and Croatia.
World Bank data confirm the significant decline in taxes since 2005, when the total tax burden on companies incorporated under Bulgarian law stood at 45.2%, to 27% in 2015—not bad!