ERR NewsSlightly more than 10 years after corporate income tax on retained earnings was effectively abolished in Estonia, a study has found that the tax reforms had a positive impact on the economy. Others say it was a stimulus that may have outlived its time.
The final report of the study of 471 companies conducted by the Praxis Centre for Policy Research and analysts from the University of Tartu stated: "The reform was found to have a significant positive impact on the investment volumes and some effect on investment structure. In this regard, it also had a positive impact on the ability of companies to cope with the recession."
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