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Estonian companies would not move because of taxes, Latvian and Lithuania would move
BC, Tallinn, 12.03.2013.
Print version
Print version74% Estonian companies claim that they would not start moving to another state only to pay less income tax, LETA/Public Broadcasting cites a study by Grant Thornton Rimess. In Lithuania 70% and in Latvia 56% of companies said so.
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Altogether companies of 44 states were polled. The average result was 68%. The highest result was in New Zealand, 94%.
"Just like the study results show, entrepreneurship has a rather sedentary nature," commented Grant Thornton Rimess Baltic partner Mati Nõmmiste, adding that a whole complex of other different conditions are needed to move a company, like qualified workforce, infrastructure, stable and business-friendly environment.
The study also indicated that just a tenth of Estonian companies would like a cut of income tax rate if it meant that some concession is abolished. This shows that Estonian companies consider tax concession on invested profits important.
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