commiss recommend taxat small medium size enterpris text eea relev ec commiss european commun regard treati establish european commun indent articl thereof juli council adopt decis eec improv busi environ promot develop enterpris small medium size enterpris commun revis council decis eec resolut june commun action support enterpris small medium size enterpris includ craft industri enterpris council confirm undertak support consolid action enterpris decis eec council adopt juli programm intensifi prioriti measur ensur continu enterpris polici programm prioriti improv legal fiscal administr environ enterpris sole proprietorship partnership make larg proport small medium size enterpris role creation job emphas number occas commiss commun white paper growth competit employ promot invest capac enterpris method tax sole proprietorship partnership gener subject person incom tax tax progress natur comparison corpor tax hamper develop financ capac enterpris econom environ access extern financ difficult restrict invest capac current structur rate person incom tax rate corpor tax distort competit enterpris depend legal form detriment sole proprietorship partnership desir work greater tax neutral implic system taxat profit reinvest enterpris financ capac member state measur limit exist distort taxat system enterpris profit charg person incom tax corpor tax grant sole proprietorship partnership opt payment corpor tax reinvest profit limit progress person incom tax comparison rate corpor tax incorpor compani incorpor sole proprietorship partnership resolv impact area unrel taxat affect entrepreneur enterpris problem level taxat distribut profit enterpris oper carri whithout give rise signific revenu cost recommend articl member state invit adopt tax measur correct deterr effect progress incom tax payabl sole proprietorship partnership respect reinvest profit possibl give enterpris partnership respect opt pai corpor tax restrict tax charg reinvest profit rate compar corpor tax articl member state invit adopt extend measur elimin tax obstacl legal form enterpris incorpor sole proprietorship partnership articl member state invit commun juli text main law regul administr provis adopt respons recommend inform commiss subsequ made field articl recommend address member state brussel commiss christian scriven member commiss oj oj oj oj explanatori memorandum import sme creat job stimul growth emphas occas declar resolut european council council parliament european council edinburgh decemb made special call measur promot privat invest invest sme commiss white paper growth competit employ stress respons govern commun creat environ conduc competit enterpris sme dynam product flexibl innov vital european economi creat favour environ enterpris central strateg programm intern market drawn commiss support develop sme essenti intern market fulli effect improv tax environ sme kei aspect initi propos purpos commiss look tax treatment enterpris line think put forward white paper view make easier sme meet requir competit detail examin enterpris tax reveal dispar tax treatment depend legal form oper find annex legal form sole proprietorship partnership pai incom tax incom progress tax scale mean margin rate tax lower gener higher rate corpor tax creat distort competit enterpris basi legal form financ capac sole proprietorship partnership squeez compar incorpor enterpris size larger ow heavier tax burden case affect develop enterpris high proport sole proprietorship partnership european union estim firm incorpor enterpris tax featur signific impact member state introduc tax arrang base concept tax neutral incorpor unincorpor enterpris tax neutral complet equival achiev minim interfer arrang gener tax system special machineri design ensur equal tax treatment firm reinvest profit irrespect legal form denmark greec place ceil progress tax trade incom germani member state solut frequent advoc circumst implic complex affect field taxat social field turn sole proprietorship partnership incorpor enterpris tax relief measur order facilit oper commiss wish promot arrang union invit member state provis kind adopt measur equival effect idea outlin paper base data answer suppli member state questionnair enterpris tax tax provis appli sole proprietorship partnership convert incorpor compani conclus vast major small medium size enterpris unincorpor prime role keep econom activ dynam commun creat job commiss encourag member state adopt measur design correct deterr effect current taxat structur financ sole proprietorship partnership greater fair tax treatment profit retain reinvest enterpris give chanc improv financ capac strengthen cash posit enabl deal difficulti typic encount sme bottom econom cycl make increas capac invest opportun economi recov initi advantag give entrepreneur genuin freedom choic legal form carri activ reduc signific taxat factor choic special system oper denmark greec german mechan provid interest illustr option measur equival effect conceiv special invest reserv member state choos procedur suit domest taxat system impact field unrel taxat convers sole proprietorship partnership incorpor compani necessarili constitut ideal respons situat respons desir entrepreneur choos life busi legal form suit evolut prefer approach number member state major legal speak oper entail cessat busi activ repercuss tax term attenu examin situat commun reveal tax provis appli sole proprietorship partnership incorpor make guarante minimum level tax neutral legal statu chang isol tax legisl desir order gener option imput busi loss owner partner carri chang legal statu reduct transfer tax levi contribut asset model defer taxat capit gain grant asset commiss invit member state improv exist mechan introduc mechan order ensur taxat point view incorpor sole proprietorship partnership undertaken flexibl approach regard mutual exclus member state invit draw origin idea develop commun countri view devis partnership interest parti solut suit deal problem financ small medium size enterpris final decemb commun commiss council make intern market strateg programm annex current situat taxat sme profit view import sme european economi special natur econom social organ current tax treatment commun examin profit tax derog measur field ordinari law design specif sme taxat enterpris enterpris tax gener depend legal form size case sole proprietorship enterpris proprietor incom tax charg person incom tax partnership tax appli principl tax transpar profit taxabl hand partner proport right draw profit condit govern taxat partnership effect similar appli sole proprietorship member state firm subject de facto corpor tax engag industri commerci activ belgium spain opt franc tax regim applic incorpor enterpris case incorpor enterpris corpor tax charg profit earn enterpris principl sharehold member enterpris taxabl respect profit distribut establish tax base industri commerci profit sole proprietorship partnership subject incom tax principl determin profit incorpor enterpris liabl corpor tax rule govern except ordinari law essenti consist flat rate calcul taxabl amount simplif taxat procedur practic arrang gener concern sole proprietorship craft sector small size threshold measur franc flat rate arrang enterpris turnov ff ff case servic enterpris fact rare adjust offer head small enterpris advantag genuin simplif taxat account oblig arrang drawback encourag introduc manag tool order expand busi practic enterpris cover oper local level enterpris subject corpor tax exclud flat rate arrang number member state compani fourth account direct benefit simplifi account procedur rank small enterpris submit abridg version balanc sheet profit loss account suppli tax inform condens form reduc number form complet end financi year compli usual account principl valuat method tax regim industri commerci profit practic major case except tax treatment appli proprietor remuner accord transpar legal form chosen enterpris fundament differ procedur determin basi assess enterpris larg small incorpor unincorpor major differ rate appli progress scale person incom tax standard rate corpor tax reduc rate tax rate tax rate note page show member state margin rate person incom tax higher standard rate corpor tax gener trend reduc rate enterpris natur person legal form absenc distinct distribut reinvest incom sole proprietorship partnership de facto tax incom margin imcom tax rate higher corpor tax rate result distort competit enterpris account legal form detriment sole proprietorship partnership distort greater wider differ rate incom tax corpor tax system taxat appli sole proprietorship partnership act brake invest base develop financ capac reduc ow higher rate tax appli top slice incom provid greatest scope save invest increas financ capac sme viabl altern recours extern sourc financ access difficult present econom situat financi intermediari tend euphoria excess cautiou reluct grant addit fund import enterpris gener suffici fund order weather transitori difficulti result extern conjonctur intern factor enterpris phase major expans shift balanc occur circumst make vulner financi sole proprietorship repres averag half enterpris oper member state commun emploi labour forc potenti impact special tax featur appreci legal form unev repres commun tax aspect influenc optimum level invest singl market distribut pattern incorpor enterpris partnership sole proprietorship vari consider member state number incorpor enterpris low countri germani itali high franc belgium unit kingdom tabl note page size enterpris sector member state small enterpris adopt unincorpor legal form situat vari member state germani larg enterpris run form partnership belgium small enterpris hesit incorpor limit number larg enterpris incorpor germani ii ad hoc solut member state denmark sole proprietor year elect tax rate corpor tax incom retain firm special scheme forc special busi arrang busi rule distinct made regard natur incom withdrawn entrepreneur incom capit person incom incom capit determin appli averag rate return bond year enterpris net asset qualifi preferenti tax treatment dividend tradition appli incom share person incom incom withdrawn entrepreneur addit return capit tax appli slide scale incom tax method firm make achiev equal tax treatment sole proprietorship partnership incorpor enterpris incom retain enterpris tax rate corpor tax scheme detail note page norwai sweden scheme similar concept danish downsid tax arrang impos administr constraint princip account natur enterpris opt greec tax reform june introduc relat mechan enterpris form partnership limit partnership privat limit compani previous subject progress scale incom tax rang reform profit tax singl rate case public limit compani remuner partner manag natur person hold partnership compani share remuner effect withdrawn estim flat rate partnership compani net incom partner manag liabl person incom tax advantag reform neutral treatment profit plough back enterpris categori germani provis introduc effect januari progress incom tax profit sole proprietorship partnership limit maximum margin rate tax type incom cap contrast highest rate continu appli taxabl incom taxpay differ rate corpor tax undistribut profit tax incom incorpor enterpris henceforth percentag point time greater cap measur order introduc greec denmark cover incom distribut undistribut enterpris concern show similar willing limit differ tax treatment plough back profit incorpor enterpris sole partnership partnership exampl illustr solut appli interf gener system taxat denmark greec jeopard principl tax transpar tradition appli sole proprietorship partnership germani conclus commun level aim singl solut ideal commun advantag disadvantag danish system seek ensur tax neutral sophist complex administ opportun danish entrepreneur sole proprietor partnership year opt special scheme normal person incom tax enabl maxim depend year result enterpris financ capac adjust level tax charg special scheme mean entrepreneur detail account rel constraint account requir pedagog spin encourag entrepreneur set inform system sound manag busi disadvantag maximum tax flexibl carri inconsider budgetari cost introduct scheme option irrevers appli mimiumum period year make limit budgetari cost mechan entail higher administr cost tax author strict supervis exercis order prevent abus preferenti scheme type advantag greek system partnership sole proprietorship elig scheme equival tax treatment undistribut profit incorpor enterpris rate corpor tax appli case scheme appli automat rel drawback enterpris choos effect smallest enterpris previous tax low margin rate incom tax find penal tax arrang german mechan put ceil incom tax industri commerci incom advantag simpl implement hand drawback interfer tax system creat advantag emploi salari entrepreneur respons capac manag tax burden emploi entrepreneur exce high salari earner differ princip reflect technic polit choic made specif nation context divers solut common benefit reduc state implement tax charg undistribut profit sole proprietorship partnership bring rate appli closer align nomin rate corpor tax appli circumst incorpor compani variant equival effect conceiv sole proprietorship partnership afford tax treatment favour invest involv distinct retain reinvest incom incom withdrawn entrepreneur partner incom retain firm basi option exercis irrevoc entrepreneur partner unanim tax rate corpor tax incom withdrawn charg incom tax hand entrepreneur partner industri commerci incom scandinavian exampl danish show implement scheme natur rememb member state reserv experi germani earli studi conduct inland revenu unit kingdom led doubt state practic option system charg copor tax reinvest profit sole proprietorship partnership difficulti monitor incom flow entrepreneur enterpris risk scheme divert purpos altern put forward enterpris build special invest reserv effect increas enterpris financ capac ensur undertak tangibl intang invest member state judg freedom give enterpris emploi financ capac decid put improv cash posit invest capit good approach solut concentr search neutral tax treatment reinvest profit enterpris irrespect legal form advantag mechan foster tax term enterpris intern develop potenti call question entrepreneur initi choic base tax criteria legal form present minor member state arrang member state prefer approach consist facilit tax term chang legal form enterpris lifetim iii tax relief legal form sme chang system approach mutual exclus incompat denmark germani greec ad hoc tax arrang unincorpor enterpris facil legisl design limit tax disadvantag sole proprietorship partnership incorpor approach altern effect entrepreneur right oblig entrepreneur decis carri trade form incorpor enterpris base factor tax extent person liabil kei element decis major factor extent cost social secur cover entrepreneur depend legal form chosen degre intuitu persona part plai peopl project stress incorpor disadvantag small enterpris impos head enterpris burdensom administr structur purpos incorpor improv firm tax posit weaken direct link exist entrepreneur enterpris solut problem unequ tax treatment profit enterpris incorpor profit encourag incorpor radic possibl disproportion achiev object improv competit enterpris concern chang legal form facilit encourag corpor form adapt tax term enterpris develop tax constraint encount enterpris oper sole proprietorship partnership result entrepreneur initi choic fall reason import tax system gener offer suffici flexibl choic legal form entrepreneur intend carri trade entrepreneur choos incorpor start busi year review origin choic busi grow true tax disadvantag sole proprietorship partnership suffer grow vi vi incorpor enterpris materi level profit gener enterpris place upper end scale person incom tax situat occur end strong period growth enterpris set earli year activ character gener low neg rate return enterpris adapt legal form requir competit market benefit transform clear import ensur chang entail tax cost discourag enterpris make major member state chang legal form gener mean cessat busi tax consequ entail set legal person taxat profit financi year hidden capit gain provis initi set free tax loss opportun carri loss previou financi year liabil capit duti tax burden enterpris take road face enterpris allow continu legal formal prevail enterpris econom situat member state make distinct type legal transform concern precis technic depend chang sole proprietorship incorpor enterpris partnership incorpor enterpris form incorpor enterpris continu enterpris accept member state tax relief grant condit legal transform met case incorpor sole proprietorship notion busi automat wound member state argu favour modifi depend circumst belgium continu enterpris accept tax purpos entrepreneur take transform partnership incorpor enterpris member state itali portug accept continu involv cessat enterpris creation legal person attitud term legal formal enterpris continu wound member state introduc provis make attenu tax consequ transform measur detail note page member state member state basic concern opportun defer taxat hidden capit gain record time transform carri provis relat activ chang purpos relax registr duti provid interest note possibl creat franc partnership opt irrevoc corpor tax virtual tax effect transform incorpor enterpris relief procedur addit advantag hidden capit gain profit tax defer tax chang made account tax capit gain stage lesson measur commun legal formal continu domin factor member state assess enterpris continu busi wish chang form organ tax effect formal virtual case lead wind enterpris creation entiti attenu practic measur design reduc defer number tax virtual member state provis taxat capit gain defer realiz condit entrepreneur undertak hold secur receiv exchang capit contribut entiti asset transfer continu carri account entiti book entrepreneur choos taxat enabl firm calcul depreci transfer asset appli contribut carri book origin enterpris defer taxat countri portug permit choic sole proprietorship incorpor similarli member state portug provis maintain object remain unchang virtual maintain enterpris normal deadlin payment contrast legal formal reflect taxat loss carri chang enterpris legal form countri germani franc luxembourg unit kingdom case loss incur sole proprietorship partnership imput entrepreneur partner capit duti member state appli high rate real properti contribut compani belgium greec spain franc itali countri introduc provis reduc tax charg belgium franc spain long secur issu return contribut made gener introduct mechan union desir note comparison rate corpor tax rate person incom tax incid taxat enterpris compar rate corpor tax person incom tax commun identifi typic situat depend member state concern tabl graph illustr divers situat situat found member state rate corpor tax lower top margin rate person incom tax lower bottom margin rate situat found member state rate corpor tax highest lowest margin rate person incom tax situat found member state rate corpor tax equal higher top margin rate persnal incom tax situat observ denmark manufactur sector reduc rate corpor tax appli ireland emerg simpl comparison structur rate incorpor enterpris pai corpor tax enjoi clear advantag term tax treatment profit sole proprietorship partnership pai person incom tax thing equal tax situat undeni incent incorpor enterpris outset provid inher administr cost prohibit incent effect mitig type situat major member state belgium spain franc greec ireland sector manufactur luxembourg netherland unit kingdom situat sole proprietorship favour posit long taxabl profit remain fairli low long sole proprietor incom sourc rise threshold effect scissor effect due greater progress person incom tax relat corpor tax work disadvantag sole proprietorship compar limit compani appli partnership liabl pai person incom tax member state categori belgium luxembourg unit kingdom progress scale corpor tax reduc rate belgium privileg reserv sme integr normal structur corpor tax focus low profit compani larg small small compani practic small compani statist affect event effect attenu tax burden small compani make easier ground progress corpor tax countri mention compar progress scale person incom tax appli sole proprietor member state reduc rate corpor tax close equal lowest rate tax person incom belgium compar unit kingdom case progress incom bracket appli member state concern lowest corpor tax bracket equal higher bracket tax highest margin rate person incom tax practic tax arrang small compani favour sole proprietorship countri categori netherland appli degress scale corpor tax fl profit tax remaind tax rate compar top margin rate incom tax incom excess fl reason system avoid wide dispar tax arrang limit compani type enterpris final type situat exist itali portug gap effect rate corpor tax person incom tax top bracket small level profit degre tax neutral legal form germani recent amend tax system compli unwritten rule virtual parallel top margin rate corpor tax person incom tax januari corpor tax rate cut form distribut profit undistribut profit increas gap top rate corpor tax top margin rate person incom tax point decid limit rate person incom tax commerci industri incom maintain parallel tax burden enterpris pai corpor tax pai person incom tax compar tabl rate corpor tax person incom tax level govern quot quot id quot quot gt germani gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt belgium gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt reduc rate sme profit bfr million million million quot gt id quot quot gt denmark gt id quot quot gt point social secur contribut gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt spain gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt franc gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt greec gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt ireland gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt reduc rate manufactur compani area shannon ifsc quot gt id quot quot gt itali gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt luxembourg gt id quot quot gt contribut employ fund gt id quot quot gt gt id quot quot gt gt id quot quot gt reduc rate profit lfr progress rate lfr million lfr million lfr million lfr million quot gt id quot quot gt netherland gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt fl profit quot gt id quot quot gt portug gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt unit kingdom gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt reduc rate profit quot quot rate shown squar bracket rate tax charg central govern effect rate includ local taxat appli member state differenti standard rate corpor tax appli undistribut profit top margin rate person incom tax germani januari rate person incom tax commerci industri incom limit type incom top margin rate continu appli germani rate tax distribut profit undistribut profit belgium reduc rate taxat appli incorpor sme fulfil condit taxabl incom bfr million half share held incorpor enterpris invest share held paid capit distribut profit exceed paid capit greec privat limit compani rate appli net residu profit deduct remuner main sharehold take part manag compani itali enterpris salari employe owner member owner famili work liabl pai local tax profit ilor luxembourg compani pai addit contribut employ fund local profit tax averag rate netherland social secur contribut ad bottom rate incom tax make effect rate unit kingdom reduc rate recent introduc scale person incom tax narrow band ecu gt note measur allevi tax consequ convers sole proprietorship partnership incorpor enterpris attitud adopt member state formal legal level continu cessat busi question introduc arrang allevi tax consequ convers oper regard taxat profit great major member state requir earli declar profit convers sole proprietorship compani appli normal deadlin declar incom franc except requir return submit dai convers greec requir payment similarli great major member state author carri provis purpos provis remain unchang kind arrang help ensur degre tax neutral case legal structur contrast benefit carri loss frequent lost chang legal structur activ deem ceas appli convers compani arrang member state germani franc ireland luxembourg unit kingdom set loss person incom owner partner case partnership regard taxat latent capit gain convers sole proprietorship compani great major member state permit busi defer taxat tax preferenti rate permit enterpris choos defer taxat franc latent capit gain depreci asset automat tax convers compani althought owner choos defer taxat latent capit gain intang asset member state favour arrang subject case convers oper carri form transfer asset transfer remuner share transferor undertak ot retain minimum number year asset includ entiti account book point regard capit duti amount duti payabl convers enterpris neglig transfer duti frequent levi transfer build properti right goodwil consider rate duti high case transfer consider case compani take liabil transferor circumst transfer oper treat sale council direct eec juli permit member state levi transfer duti transfer immov asset incorpor enterpris rate excess maximum harmon capit duti rate applic type transfer number member state belgium franc spain adopt principl frequent appli taxat capit gain connect convers oper taxat gain suspend transferor remuner form share similarli transfer duti reduc substanti applic flat rate amount reduc rate transfer remuner secur transferor undertak retain minimum period countri capit duti capit gain taxat profit carri loss carri provis tax treatment appli member state sole proprietorship partnership convert incorpor enterpris quot quot id quot quot gt belgium gt id quot quot gt transfer asset incorpor enterpris exchang share gt id quot quot gt tangibl asset intang asset temporari exempt busi specif waiv applic continu arrang gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt denmark gt id quot quot gt rate gt id quot quot gt taxat supend case payment form secur equal transfer asset subject transferor retain secur gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt germani gt id quot quot gt grunderwerbsteu transfer land build compani gt id quot quot gt suspens taxat histor valu enter account recipi compani secur retain transferor gt id quot quot gt gt id quot quot gt set incom owner partner gt id quot quot gt quot gt id quot quot gt greec gt id quot quot gt normal rate rate vari transfer build consider frequent occur case sole proprietorship gt id quot quot gt taxat unreal capit gain capit gain properti gt id quot quot gt gt id quot quot gt gt id quot quot gt type provis provis doubt claim quot gt id quot quot gt spain gt id quot quot gt normal rate corpor transact transfer build consider gt id quot quot gt taxat suspend case transfer asset gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt franc gt id quot quot gt fix duti ff transferor retain year secur receiv return tranfer fail special duti transfer properti goodwil gt id quot quot gt deferr taxat capit gain depreci asset secur receiv payment transfer retain case capit gain depreci asset taxat effect hand recipi compani payment tax spread year gt id quot quot gt transferor tax profit relat stock includ book asset recipi compani gt id quot quot gt sole proprietor partner trade deficit busi transfer includ total deficit carri year incom tax purpos gt id quot quot gt quot gt id quot quot gt ireland gt id quot quot gt stamp duti gt id quot quot gt taxat capit gain suspend remuner form secur provid secur retain tansferor gt id quot quot gt gt id quot quot gt carri part deficit carri incom tax purpos gt id quot quot gt quot gt id quot quot gt itali gt id quot quot gt transfer immov properti compani gt id quot quot gt taxat capit gain suspend asset carri balanc sheet origin gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt luxembourg gt id quot quot gt real person estat invest case asset transfer consider depend natur asset gt id quot quot gt taxat capit gain asset carri book account recipi compani gt id quot quot gt gt id quot quot gt deduct permit hand person incur loss longer owner appli partner partnership gt id quot quot gt quot gt id quot quot gt netherland gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt portug gt id quot quot gt duti sisa municip tax transfer immov properti depend natur properti gt id quot quot gt taxat capit gain stock asset taxat tax neutral gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt unit kingdom gt id quot quot gt stamp duti land build gt id quot quot gt taxat compani principl relief case payment form share gt id quot quot gt gt id quot quot gt futur dividend gt id quot quot gt quot quot involv possibl carri provis purpos remain unchang temporari exempt capit duti case transfer compani establish employ area headquart multin compani establish belgium compani undergo convers innov compani compani locat develop area tax arrang appli convers sole proprietorship compani tax treatment appli convers partnership compani gt note compar figur size corpor sector figur tabl base data quot quot id quot quot gt belgium gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt denmark gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt germani gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt greec gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt spain gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt franc gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt ireland gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt itali gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt luxemburg gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt netherland gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt portug gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt unit kingdom gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt gt id quot quot gt quot gt id quot quot gt total gt id quot quot gt gt id quot quot gt quot gt id quot quot gt averag gt id quot quot quot id quot quot gt gt id quot quot gt gt id quot quot gt quot gt note descript busi rule denmark natur person carri busi independ sole proprietor partner opt busi rule object rule render busi interest payment fulli tax deduct case oper expenditur ensur part busi profit constitut return equiti tax capit gain counterbal cyclic trend offer taxat rate corpor tax rule requir independ businessmen busi person financ separ account purpos distinct account busi incom person financ busi incom assess accord gener rule laid tax legisl incom year busi show profit divid imput capit gain return busi capit remain profit capit gain assess incom capit return capit remaind profit assess person incom slide scale profit liabl tax withdrawn busi taxabl person refrain withdraw profit part thereof opt retain busi case attract advanc tax rate corpor tax taxabl person withdraw accumul profit subsequ year final tax person incom advanc busi tax set taxabl person spous tax year question succeed year disburs cash payment busi show loss incom year loss set accumul profit absenc accumul profit loss deduct taxpay incom remain loss carri forward deduct busi profit incom succeed year gener rule restrict natur busi opt busi rule busi reflect aspect privat limit compani option incom compani tax incom capit insolv busi likewis exclud busi rule taxabl person oper number busi subject busi rule rule busi treat busi taxabl person marri spous oper busi spous appli busi rule capit gain rule busi taxabl person free determin year busi busi rule taxabl person ceas appli busi rule transfer busi accumul profit tax person incom incom year incom year appli busi rule taxabl person ceas trade respect number busi transfer busi retain profit tax proportion taxabl person previous appli busi rule respect busi immedi succeed incom year resum applic rule calcul busi capit account assess real properti rule appli taxabl person transfer busi ceas trade independ busi accumul profit tax unearn incom incom year distinct busi account taxpay individu account maintain rest year succeed incom year taxabl person acquir busi end succeed incom year appli busi rule uninterrupt provid distinct busi account person account maintain entir period taxabl person appli busi rule interrupt purchas price receiv transfer busi subject busi rule number busi busi separ exist busi notion part busi transfer purchas price receiv subject busi rule taxabl person opt transfer amount exceed net cash consider busi rule individu financ provid part accumul profit withdrawn tax person incom incom year taxabl person ceas liabl tax denmark respect acquir tax domicil abroad accumul profit tax person incom incom year ceas liabl tax tax domicil busi subject busi rule transfer transform busi busi transfer defer taxat appli taxat accumul profit defer rate distribut profit tax factor entrepreneur assess tax posit depend current anticip aggreg incom prefer form incorpor incorpor enterpris case make choic light person circumst necessarili awar impact decis cost subsequ invest enterpris growth potenti reduc rate recent introduc uk scale person incom tax rate appli small incom band lowest ecu oj