Estonia, Investments, Legislation, Markets and Companies, Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 25.11.2017, 01:57

Estonian chamber: unstable tax environment hindering investment

BC, Tallinn, 14.09.2017.Print version
Business operators would have been prepared to invest approximately 50 million euros more in 2017, but did not do it first and foremost due to an unstable tax environment, the Estonian Chamber of Commerce and Industry informed LETA/BNS.

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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