Limited company limits shareholder liability to their investment stake. Company assets and debts are separate from shareholders' personal assets. Ownership can be easily transferred and passed down through generations. Can be limited by shares or by guarantee arrangement
Federal corporate tax rate in US is 21% since 2017. Taxes are based on taxable income after deducting expenses. Effective tax rate is usually lower than statutory rate
Personal income tax ranges from 15% to 40% for individuals. Corporate tax rate is 25% for general business income. Banks and financial institutions pay 30% corporate tax. Exporters enjoy 5% reduced corporate tax rate
UAE is a federation with seven emirates and autonomous federal and local governments. Federal government and local governments levy taxes on citizens and companies. VAT rate is 5%, corporate tax rate is 9% since June 2023
Italy's tax revenue reached 42.4% of GDP in 2018. Personal income tax is progressive, with regional and municipal variations. Corporate tax rate is 24%, with regional variations up to 3.9%. VAT rate is 22%, with reduced rates for essential services
Sweden combines income tax with employer social security contributions. Employers deduct income tax through PAYE system and pay to Skatteverket. Effective taxation rate among highest in world