They aren't actually quite so low, though, because unlike many countries there aren't nearly as many deductions and tax credits available. Presently, the UK ha

They aren't actually quite so low, though, because unlike many countries there aren't nearly as many deductions and tax credits available. Presently, the UK has an effective tax rate of 18.6%, compared with, e.g. France which has a statutory tax rate of 33.33% but an effective tax rate of 11.2%. I believe the UK has one of the highest effective tax rates in the EU.