ust in Europe there are huge differences in corporation tax levies - Germany up to 33.3%, Belgium 34%, Italy 31.4%, Spain 28% whilst the likes of Ireland are at 12,5% along with Cyprus and Liechtenstein, Montenegro 9%, Bulgaria and Bosnia 10%, Switzerland 16.55% and Malta goes as low as 5% (where Vistajet are now lock, stock and barrel). The Swiss and Liechtenstein also have really low VAT at 8%.
And that is why the EU needs to go bust....what we need is a new EU that has the same taxations, labour law, social laws.
I remember when my first employer in aviation relocated his business (650 employees) to Ireland - they gave him 3 years free of ANY taxes and the right to pollute - for which he paid 18 Mio D-Mark annually at the origin of the business. After more than 150 years in Germany the company does now produce its stuff in Ireland. Funny enough, after a few years they had to import Chinese laborers, cause the Irish did not like working for relatively low wages...
This world is simply perverted. And its the rich people that are to blame, mostly.