Estonia, Investments, Legislation, Markets and Companies, Taxation
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Wednesday, 24.04.2024, 05:54
Estonian chamber: unstable tax environment hindering investment
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The chamber conducted a survey among its members on if and why they called
off or postponed investments planned for 2017. The main reason for calling off
or postponing investments included uncertainty towards the future, with a
separate reason concerning that being the instability of the tax environment.
Other reasons for calling off investments were problems concerning the
financing of the investments as well as labor shortage.
The chamber interviewed altogether 339 members, while 22 percent of the
respondents said that they called off or postponed investing in the development
of their companies. Respondents called off investing a total of 48 million
euros.
The chamber said that as the number of respondents is only a small portion
of all business operators in Estonia, then the actual volume of investments not
made this year may reach hundreds of millions of euros.
Although in general, the volume of investments in Estonian companies has
increased, the chamber said that in the event of the stability of the tax
environment, the investments could be even larger.
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