The Deloitte Sports Business Group is proud to launch the 23rd edition of the Annual Review of Football Finance. Our Annual Review includes analysis of the business drivers and financial trends for clubs in some of the top divisions in European football and in the top four divisions of English football, with a particular focus on Premier League and Championship clubs.
Download the highlights and interact with the data: http://www.deloitte.com/view/en_GB/uk/industries/sportsbusinessgroup/sports/football/annual-review-of-football-finance/index.htm
Lyes Boudiaf. Founder & President of Isly Holdings. Algeria. Lyes Boudiaf has been decorated as knight of the honorary Order of Merit of the State of Portugal
www.lyesboudiaf.com #lyesboudiaf
The EUR 100 billion banks will need to write down on their Greek sovereign debt can be matched via profits, dividends and bonus cuts for many banks in order to abide by Basle III capital ratio rules. A handful of banks will need to go to governments for capital.
This does not however look at the quality of private asset or any default from another peripheral European country.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Eric M...StatsCommunications
HLEG workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, More information at: http://oe.cd/hleg-workshop-inequalities-income-and-wealth
Demographic Change and Expenditure Pressures in IrelandDaragh McCarthy
Presentation by Dr Thomas Conefrey—Chief Economist, Irish Fiscal Advisory Council—focuses on government spending and presents preliminary work that attempts to quantify the likely pressures on the government finances in Ireland due to population ageing and other demographic trends over the next 50 years.
A Budget 2014 PowerPoint Slide Pack covering the outlook for the UK economy and public finances. From a Northern Ireland perspective the key challenge will be the public expenditure cuts still to come.
The Deloitte Sports Business Group is proud to launch the 23rd edition of the Annual Review of Football Finance. Our Annual Review includes analysis of the business drivers and financial trends for clubs in some of the top divisions in European football and in the top four divisions of English football, with a particular focus on Premier League and Championship clubs.
Download the highlights and interact with the data: http://www.deloitte.com/view/en_GB/uk/industries/sportsbusinessgroup/sports/football/annual-review-of-football-finance/index.htm
Lyes Boudiaf. Founder & President of Isly Holdings. Algeria. Lyes Boudiaf has been decorated as knight of the honorary Order of Merit of the State of Portugal
www.lyesboudiaf.com #lyesboudiaf
The EUR 100 billion banks will need to write down on their Greek sovereign debt can be matched via profits, dividends and bonus cuts for many banks in order to abide by Basle III capital ratio rules. A handful of banks will need to go to governments for capital.
This does not however look at the quality of private asset or any default from another peripheral European country.
HLEG thematic workshop on Measuring Inequalities of Income and Wealth, Eric M...StatsCommunications
HLEG workshop on Measuring Inequalities of Income and Wealth, 15-16 September 2015, Berlin, Germany, More information at: http://oe.cd/hleg-workshop-inequalities-income-and-wealth
Demographic Change and Expenditure Pressures in IrelandDaragh McCarthy
Presentation by Dr Thomas Conefrey—Chief Economist, Irish Fiscal Advisory Council—focuses on government spending and presents preliminary work that attempts to quantify the likely pressures on the government finances in Ireland due to population ageing and other demographic trends over the next 50 years.
A Budget 2014 PowerPoint Slide Pack covering the outlook for the UK economy and public finances. From a Northern Ireland perspective the key challenge will be the public expenditure cuts still to come.
Luxembourg is one of the world’s wealthiest countries. It has one of the Eurozone’s highest current account surpluses as a share of GDP, main¬tains a healthy budgetary position, and has the region’s lowest level of public debt.
1
OECD TAX DATABASE
EXPLANATORY ANNEX
PART II
TAXATION OF CORPORATE AND CAPITAL
INCOME
(Document updated October 2016)
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Table of contents
II.1. BELGIUM 4
II.1. CANADA 5
II.1. CHILE 5
II.1. FRANCE 5
II.1. GERMANY 6
II.1. GREECE 6
II.1. HUNGARY 9
II.1. ISRAEL 9
II.1. ITALY 10
II.1. LATVIA 16
II.1. LUXEMBOURG 17
II.1. MEXICO 18
II.1. NETHERLANDS 18
II.1. NORWAY 18
II.1. POLAND 19
II.1. SLOVAK REPUBLIC 19
II.1. SLOVENIA 20
II.1. SWITZERLAND 20
II.1. UNITED STATES 20
II.2. BELGIUM 22
II.2. CANADA 24
II.2. CHILE 25
II.2. CZECH REPUBLIC 25
II.2. HUNGARY 26
II.2. ISRAEL 26
II.2. ITALY 27
II.2. LATVIA 27
II.2. MEXICO 27
II.2. NETHERLANDS 28
II.2. NORWAY 28
II.2. PORTUGAL 28
II.2. SLOVAK REPUBLIC 29
II.2. SPAIN 29
II.2. UNITED KINGDOM 30
II.2. UNITED STATES 31
II.3. CANADA 32
II.3. GERMANY 33
II.3. LUXEMBOURG 33
II.3. KOREA 33
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II.3. PORTUGAL 33
II.3. SWITZERLAND 34
II.3. UNITED STATES 34
II.4. AUSTRIA 36
II.4. BELGIUM 36
II.4. CANADA 37
II.4. CHILE 37
II.4. FINLAND 37
II.4 FRANCE 37
II.4. GERMANY 38
II.4. GREECE 39
II.4. HUNGARY 40
II.4. IRELAND 41
II.4. ISRAEL 41
II.4. ITALY 42
II.4. KOREA 43
II.4. LATVIA 43
II.4. MEXICO 43
II.4. NETHERLANDS 43
II.4. NORWAY 43
II.4. PORTUGAL 44
II.4. SLOVAK REPUBLIC 44
II.4. SLOVENIA 44
II.4. SWITZERLAND 44
II.4. UNITED STATES 45
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4
PART II. TAXATION OF CORPORATE AND CAPITAL INCOME
PART II, TABLE 1
CORPORATE INCOME TAX RATES
II.1. BELGIUM
The effective CIT rate can be substantially reduced by an allowance for corporate equity (ACE). The
amount of this allowance is neither related to the behaviour nor to the results of the company, but depends
only upon the amount of qualifying corporate equity and the yield on long term government bonds. There
is however an upper limit. The original upper limit (of 6.5 % for non-SMEs) was first temporarily reduced
to 3.8% in 2010 and 2011 and then permanently lowed to 3% from 2012 onwards. The effectively applied
ACE-rates are listed in the table below. Stricter carry forward rules concerning unused ACE-deductible
amounts were implemented from 2013 onwards.
Notional
interest
rate (ACE-
rate)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Non-SMEs 3.442% 3.781% 4.307% 4.473% 3.8% 3.425% 3% 2.742% 2.63% 1.6 ...
1
OECD TAX DATABASE
EXPLANATORY ANNEX
PART II
TAXATION OF CORPORATE AND CAPITAL
INCOME
(Document updated October 2016)
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2
Table of contents
II.1. BELGIUM 4
II.1. CANADA 5
II.1. CHILE 5
II.1. FRANCE 5
II.1. GERMANY 6
II.1. GREECE 6
II.1. HUNGARY 9
II.1. ISRAEL 9
II.1. ITALY 10
II.1. LATVIA 16
II.1. LUXEMBOURG 17
II.1. MEXICO 18
II.1. NETHERLANDS 18
II.1. NORWAY 18
II.1. POLAND 19
II.1. SLOVAK REPUBLIC 19
II.1. SLOVENIA 20
II.1. SWITZERLAND 20
II.1. UNITED STATES 20
II.2. BELGIUM 22
II.2. CANADA 24
II.2. CHILE 25
II.2. CZECH REPUBLIC 25
II.2. HUNGARY 26
II.2. ISRAEL 26
II.2. ITALY 27
II.2. LATVIA 27
II.2. MEXICO 27
II.2. NETHERLANDS 28
II.2. NORWAY 28
II.2. PORTUGAL 28
II.2. SLOVAK REPUBLIC 29
II.2. SPAIN 29
II.2. UNITED KINGDOM 30
II.2. UNITED STATES 31
II.3. CANADA 32
II.3. GERMANY 33
II.3. LUXEMBOURG 33
II.3. KOREA 33
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II.3. PORTUGAL 33
II.3. SWITZERLAND 34
II.3. UNITED STATES 34
II.4. AUSTRIA 36
II.4. BELGIUM 36
II.4. CANADA 37
II.4. CHILE 37
II.4. FINLAND 37
II.4 FRANCE 37
II.4. GERMANY 38
II.4. GREECE 39
II.4. HUNGARY 40
II.4. IRELAND 41
II.4. ISRAEL 41
II.4. ITALY 42
II.4. KOREA 43
II.4. LATVIA 43
II.4. MEXICO 43
II.4. NETHERLANDS 43
II.4. NORWAY 43
II.4. PORTUGAL 44
II.4. SLOVAK REPUBLIC 44
II.4. SLOVENIA 44
II.4. SWITZERLAND 44
II.4. UNITED STATES 45
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4
PART II. TAXATION OF CORPORATE AND CAPITAL INCOME
PART II, TABLE 1
CORPORATE INCOME TAX RATES
II.1. BELGIUM
The effective CIT rate can be substantially reduced by an allowance for corporate equity (ACE). The
amount of this allowance is neither related to the behaviour nor to the results of the company, but depends
only upon the amount of qualifying corporate equity and the yield on long term government bonds. There
is however an upper limit. The original upper limit (of 6.5 % for non-SMEs) was first temporarily reduced
to 3.8% in 2010 and 2011 and then permanently lowed to 3% from 2012 onwards. The effectively applied
ACE-rates are listed in the table below. Stricter carry forward rules concerning unused ACE-deductible
amounts were implemented from 2013 onwards.
Notional
interest
rate (ACE-
rate)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Non-SMEs 3.442% 3.781% 4.307% 4.473% 3.8% 3.425% 3% 2.742% 2.63% 1.6.
1
OECD TAX DATABASE
EXPLANATORY ANNEX
PART II
TAXATION OF CORPORATE AND CAPITAL
INCOME
(Document updated October 2016)
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2
Table of contents
II.1. BELGIUM 4
II.1. CANADA 5
II.1. CHILE 5
II.1. FRANCE 5
II.1. GERMANY 6
II.1. GREECE 6
II.1. HUNGARY 9
II.1. ISRAEL 9
II.1. ITALY 10
II.1. LATVIA 16
II.1. LUXEMBOURG 17
II.1. MEXICO 18
II.1. NETHERLANDS 18
II.1. NORWAY 18
II.1. POLAND 19
II.1. SLOVAK REPUBLIC 19
II.1. SLOVENIA 20
II.1. SWITZERLAND 20
II.1. UNITED STATES 20
II.2. BELGIUM 22
II.2. CANADA 24
II.2. CHILE 25
II.2. CZECH REPUBLIC 25
II.2. HUNGARY 26
II.2. ISRAEL 26
II.2. ITALY 27
II.2. LATVIA 27
II.2. MEXICO 27
II.2. NETHERLANDS 28
II.2. NORWAY 28
II.2. PORTUGAL 28
II.2. SLOVAK REPUBLIC 29
II.2. SPAIN 29
II.2. UNITED KINGDOM 30
II.2. UNITED STATES 31
II.3. CANADA 32
II.3. GERMANY 33
II.3. LUXEMBOURG 33
II.3. KOREA 33
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3
II.3. PORTUGAL 33
II.3. SWITZERLAND 34
II.3. UNITED STATES 34
II.4. AUSTRIA 36
II.4. BELGIUM 36
II.4. CANADA 37
II.4. CHILE 37
II.4. FINLAND 37
II.4 FRANCE 37
II.4. GERMANY 38
II.4. GREECE 39
II.4. HUNGARY 40
II.4. IRELAND 41
II.4. ISRAEL 41
II.4. ITALY 42
II.4. KOREA 43
II.4. LATVIA 43
II.4. MEXICO 43
II.4. NETHERLANDS 43
II.4. NORWAY 43
II.4. PORTUGAL 44
II.4. SLOVAK REPUBLIC 44
II.4. SLOVENIA 44
II.4. SWITZERLAND 44
II.4. UNITED STATES 45
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4
PART II. TAXATION OF CORPORATE AND CAPITAL INCOME
PART II, TABLE 1
CORPORATE INCOME TAX RATES
II.1. BELGIUM
The effective CIT rate can be substantially reduced by an allowance for corporate equity (ACE). The
amount of this allowance is neither related to the behaviour nor to the results of the company, but depends
only upon the amount of qualifying corporate equity and the yield on long term government bonds. There
is however an upper limit. The original upper limit (of 6.5 % for non-SMEs) was first temporarily reduced
to 3.8% in 2010 and 2011 and then permanently lowed to 3% from 2012 onwards. The effectively applied
ACE-rates are listed in the table below. Stricter carry forward rules concerning unused ACE-deductible
amounts were implemented from 2013 onwards.
Notional
interest
rate (ACE-
rate)
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Non-SMEs 3.442% 3.781% 4.307% 4.473% 3.8% 3.425% 3% 2.742% 2.63% 1.6 ...
Recent labour market developments and reforms in OECD countriesRockwool Fonden
Director for Employment, Labour and Social Affairs in OECD Stefano Scarpettas presentation at the ROCKWOOL Foundation conference "Øget beskæftigelse kalder på reformer, der virker" in February 2018.
The presentation was recorded and is available on the Youtube channel of the ROCKWOOL Foundation.
Federgon members (private employment agencies) can expect a slight improvement in market conditions in the coming months due to the somewhat more favorable economic outlook. Even with a growth forecast of 1% to 1.2% in 2014 recovery will only be partial.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Encryption in Microsoft 365 - ExpertsLive Netherlands 2024Albert Hoitingh
In this session I delve into the encryption technology used in Microsoft 365 and Microsoft Purview. Including the concepts of Customer Key and Double Key Encryption.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
Observability Concepts EVERY Developer Should Know -- DeveloperWeek Europe.pdfPaige Cruz
Monitoring and observability aren’t traditionally found in software curriculums and many of us cobble this knowledge together from whatever vendor or ecosystem we were first introduced to and whatever is a part of your current company’s observability stack.
While the dev and ops silo continues to crumble….many organizations still relegate monitoring & observability as the purview of ops, infra and SRE teams. This is a mistake - achieving a highly observable system requires collaboration up and down the stack.
I, a former op, would like to extend an invitation to all application developers to join the observability party will share these foundational concepts to build on:
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
A tale of scale & speed: How the US Navy is enabling software delivery from l...sonjaschweigert1
Rapid and secure feature delivery is a goal across every application team and every branch of the DoD. The Navy’s DevSecOps platform, Party Barge, has achieved:
- Reduction in onboarding time from 5 weeks to 1 day
- Improved developer experience and productivity through actionable findings and reduction of false positives
- Maintenance of superior security standards and inherent policy enforcement with Authorization to Operate (ATO)
Development teams can ship efficiently and ensure applications are cyber ready for Navy Authorizing Officials (AOs). In this webinar, Sigma Defense and Anchore will give attendees a look behind the scenes and demo secure pipeline automation and security artifacts that speed up application ATO and time to production.
We will cover:
- How to remove silos in DevSecOps
- How to build efficient development pipeline roles and component templates
- How to deliver security artifacts that matter for ATO’s (SBOMs, vulnerability reports, and policy evidence)
- How to streamline operations with automated policy checks on container images
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
2. = a tax imposed on the
incomes of companies and
corporations
3. Annual tax on all profits made in the country
Resident companies pay tax on their Romanian
and worldwide income
Non-resident companies pay tax only on their
income sourced in Romania
Paid quarterly or annually
CORPORATE TAX IN ROMANIA
4. CORPORATE TAX RATES IN THE EU-27
0%
5%
10%
15%
20%
25%
30%
35%
40%
BE BG CZ DK DE EE IE GR ES FR IT CY LV LT LU HU MT NL AT PL PT RO SI SK FI SE UK
5. LOW TAX RATE?
16% - nominal tax rate (below EU average)
But, other contribution rates in Romania are
high even by EU-15 standards
Therefore, effective corporate tax rate tends to
be higher
8. CORPORATE INCOME TAX REVENUES FOR EU-15
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
IE DE BE DK GR FR IT LU NL AT PT SE UK
EU-15 avg.
EU-27 avg.
9. CORPORATE INCOME TAX REVENUE FOR NMS-12
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
EE PL BG CZ CY LV LT MT RO SI SK
All new member states are below the EU-27
average, regardless of their size
10. STANDARD DEVIATION OF ABSOLUTE VALUES
0
5000
10000
15000
20000
25000
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
EU-27 stdev EU-15-stdev
Financial crisis
Dot-com
bubble burst
Disparities between the member states have
decreased after the onset of the financial crisis
However, this trend has quickly reversed
13. PREDICTION OF DECREASE
All other things equal, a decrease in D51B revenue is
usually experienced during economic recession
A historically proven indicator for predicting such recessions
is the inverted bond yield curve
16. Indicates the extent to which a
state relies on corporate
income tax revenue for funding
17. SHARE IN TOTAL REVENUE FOR EU-15
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
BE DK DE IE GR FR IT LU NL AT PT SE UK
EU-15 avg.
NMS-12 avg.
18. SHARE IN TOTAL REVENUE FOR NMS-12
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
BG CZ EE CY LV LT MT PL RO SI SK
EU-15 avg.
NMS-12 avg.
New member states rely more on corporate
income tax by 1% on average
19. More than 16% of Cyprus’ tax revenue
is made up of this tax
The second is Luxemburg with cca.
15%
For Estonia, this share is 1.5% (0% tax
rate if you reinvest your profits)
20. STANDARD DEVIATION OF SHARE IN TOTAL REVENUES
0%
1%
2%
3%
4%
5%
6%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
stdev eu-27 stdev eu-15 stdev nms-12
NMS-12
EU-27
Eu-15
Disparities regarding the share of D51B in
total revenues have been increasing since
2004
23. SHARE IN GDP FOR EU-15
0%
1%
2%
3%
4%
5%
6%
7%
BE DK DE IE GR FR IT LU NL AT PT SE UK
24. SHARE IN GDP FOR NMS-12
0%
1%
2%
3%
4%
5%
6%
7%
BG CZ EE CY LV LT MT PL RO SI SK
The corporate income tax revenues are very
high in Luxemburg and Cyprus
New member states show a higher degree of
divergence
25. STANDARD DEVIATION OF SHARE IN GDP
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
2.0%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
stdev eu-27 stdev eu-15 stdev nms-12
NMS-12
EU-27
Eu-15
30. Luxembourg, Cyprus and the Malta rely the most
on this tax for financing and Estonia the least
On average, new member states rely on this tax
more
Differences in the amounts of corporate tax and
their extent of use is growing in the EU
The inverted yield curve is usually a good signal
that there could be a decrease in D51B revenues
soon