Taxes weighing Greek companies down, study shows

Greek companies were the most heavily burdened by tax in the Organization for Economic Cooperation and Development (OECD) over the last decade, according to a study by the Washington-based Tax Foundation.
The effective average corporate income tax rate decreased almost everywhere in Europe from 2008 to 2018, with Greece being among the few exceptions as it saw a rate increase of 5.8 percentage points, the study found.
Greece also ranked last among OECD countries in the category of company performance.
Of the 31 OECD countries surveyed in the study, Hungary (-8.4 percentage-points), Malta (-7.8 percentage-points) and the United Kingdom (-7.4 percentage-points) saw the most significant decreases in the effective corporate income tax rate between 2008 and 2018.
On the other hand, Greece, Latvia, and Cyprus had the largest increases in effective tax rates, at 5.8, 2...