The official tax rate itself doesn't matter so much as whether the country places a hidden tax on you in the form of mandatory pension/health contributions. In Croatia, for example, they are very high and you have to pay them automatically every month (plus a tax advance which is paid ahead of time based on an estimate!), regardless of whether your business has any profit or even revenue. It's basically a tax on existence. This makes some countries horrible choices despite all sorts of subsidies or business friendly laws.
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