5 Most Tax-Friendly Countries in Europe

1. Switzerland:

Corporate Income Tax Rate: 8.5%
Personal Income Tax Rate: 11.5%

Switzerland is often considered a tax-friendly country with a low federal corporate tax rate of 8.5%. The country’s different cantons and municipalities have their own different taxes. Taking into account both cantonal/communal and federal taxes, the effective tax rate ranges from 12% to 22%, depending on the location of the company. Individual income tax rates fall between 0% to 11.5% and capital gains are taxed at the same rate as ordinary income. Switzerland is a tax-friendly country because its cantons offer tax incentives to newly established companies, especially for their Research & Development activities.

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