New study shows Estonian taxes in a different light

 A new survey shows that while Estonia is 34th worldwide by time spent on tax-related issues, it is only 122nd in terms of tax burden.

Eesti Päevaleht writes that authors of a joint study of World Bank and PwC noted that while dealing with taxes took relatively little time in Estonia, taxes themselves were surprisingly high.

In terms of tax burden, Estonia was ranked 122nd with 48.6 percent and clearly behind most other European countries. In this aspect Estonia was mainly ahead of African, Asian and Latin-American countries.

This may be surprising, but the study is based not on comparing the tax burden with GDP as tradition, but on comparison of the amount of tax paid with the annual profit of the company. The calculation was based on a hypothetical company that has a profit margin of 20 percent and was founded two years ago.

Read further: New study shows Estonian taxes in a different light

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