January 5th 2010
The World Bank says that Ireland is the easiest country in Europe in which to pay business taxes. Ireland also comes sixth out of 183 countries surveyed worldwide in a report compiled by PricewaterhouseCoopers for the World Bank. It found that Ireland has the second lowest overall tax rate in Europe at 26.5%. Luxembourg is the lowest at 21% and the highest is Italy where overall business taxes amount to 68%.
The report also estimated that the time it takes businesses to comply with tax rules in Ireland is 76 hours, the second best in Europe. Ireland ranked ninth for number of payments, with nine. The report covers all taxes paid by businesses, not just corporation tax on profits.