Environmental Audit (Data Response) Essay Example | Topics and Well Written Essays - 2000 words

Environmental Audit (Data Response) - Essay ExampleTogether, these three indicators or drivers should adequately slacken off an investor a cle ber idea about the feasibility of any economic investment in that country. Against this background, the three recognise economic drivers are discussed as follows. Tax indemnity of Portugal The payment of measurees is mandatory as an economic indemnity in almost all economies of the world. Taxes are targeted at all groups of persons living in a country, who support an earning. The tax situation is no different in Portugal. There exist two major strains of taxes in Portugal. These two major forms of taxes in Portugal are individual tax and incorporate tax (Abednego, 2003). Individual tax taxes are those that are paid by earning or income making citizens and foreigners. In this direction, the Investor Glossary (2011) explains that An individual tax return is used to determine a persons personal income tax liability. On the contrary, corp orate tax may best be referred to as business tax because it is paid by people in business. It is the physique of tax that is paid by companies, organizations and institutions. Corporate taxes are generally higher than individual taxes because corporate entities are profit making bodies are believed to be earning more than individuals. Any of the two forms of taxes affect businesses and by address the attach to wishing to enter Portugal. This not withstanding, the tax environment in Portugal is one that can be described not to be too hostile especially in comparison with what exists in separate countries. In Portugal, individual taxes come in different forms as far as the executives in the company seeking to enter are going to make income they are likely to pay one form of individual tax or the other. The AngloINFO Lisbon (2011) explains that individual taxes paid in Portugal include taxes on salaries, detonator gains and real estate income. On the broader scene, there is a 25 % individual tax paid on earnings even though income derived from real estate is subject to a tax rate of 15 percent (AngloINFO Lisbon, 2011). The corporate tax payment regime that exists in portugal presently is not as salaried as it used to be before the coming of the European Union and OECD. This is because before these era, Lowtax (2011) observes that Portugal used to propose a number of special corporate income tax regimes by which businesses either paid reduced corporate income tax rates, were exempted from certain taxes altogether or were able to artificially inflate tax deductible allowances so as to reduce taxable profits. Today, these tax incentives do not exist any longer. There is heretofore other prudent measures taken by the government to ensure that the payment of taxes does not become a burden unto foreign investors. On the whole, there is 25% + a municipal surcharge (up to 1.5% of the taxable income) rough-and-ready rate 26.5% for foreign companies and taxes are exclusively on income made only in Portugal (Emporiki Bank, 2011). Regulatory Policy of Portugal Regulatory policy refers to the kind of rules, regulations and laws that binds businesses and corporate entities that which to establish themselves in Portugal. Contrary to the ascertion that regulatory policies are in place to sabotage the