Why are the corporate tax rates so low in Eastern Europe?

During the Wild West years, the US found herself in possession of huge sparsely populated tracts of land West of the Mississippi River. In order to encourage people to settle there, work, pay taxes and contribute to the economy, the US passed various laws collectively known as the Homestead Acts. read more

However, Malta has the top rate at 35 per cent. Germany's corporation tax rate is set at 29.72 per cent, while Spain and Portugal levy it at 25 and 21 per cent respectively. Eastern European countries typically have lower rates, varying from between 10 and 22 per cent. EU tax rates ranked in order of highest to lowest 1. Malta, 35 per cent 2. read more