EUROPE - EVCA study reveals little improvement in tax and legal environment
The European Private Equity & Venture Capital Association (EVCA) has published its fourth Benchmarking study of European tax and legal environments, with the results revealing that there has been little overall improvement in conditions since the previous study in 2006.
Each country was assigned an overall score between 1 and 3, with 1 being he most favourable result. The total average score was 1.85, just 0.01 less than in the previous study. The results also suggested that the gap between Europe's most and least favourable tax and legal environments has continued to widen considerably.
France achieved the highest score with 1.23, replacing Ireland, which came in second with 1.32. Belgium ranked number three with a score of 1.33, pushing the UK out of the top three countries for the first time. Greece, Spain, the Netherlands, Portugal, Luxembourg, Lithuania, Switzerland, Denmark and Hungary all came out in the top half.
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