As a result the UK\’s total tax rate has risen from 35.8pc of commercial profits in 2006 to 37.3pc today. Among the lowest in Europe were Ireland, calculated at 26.5pc, and Denmark at 29.2pc.
As we should all remember: tax rates are not the sole determinant of the tax burden. We need to include tax allowances when calculating that burden.
And the UK\’s tax regime is not a light one as the above shows.