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" EU average is lower than the current US corporate tax rate." Eeastern European countries generally have very low tax rates which brings the average down. Ot
by sonnyblarney 8y ago
" EU average is lower than the current US corporate tax rate."
Eeastern European countries generally have very low tax rates which brings the average down.
Otherwise they are 'ballpark similar' [1]
But that's only one source of taxation. As for the rest, they are very, very high in Europe.
I think the issues are probably in efficiencies across the board, more than redistribution at this point.
[1] https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates