Limited liability company is one of the most important corporate entities in Slovenia as well as in Austria and in Italy. The establishment of such a company is not complicated and the initial capital stock is significantly lower than the one required for the establishment of a joint-stock company. The limited liability company and the joint-stock company are established in a similar manner in all the three countries mentioned, only the statutory amount of the capital stock is different. The aim of the paper is to determine in which country the establishment of a corporate entity pays off the most and what the establishment procedures are. Moreover, the purpose of the paper is also to investigate in which country corporate entities pay more taxes and in which country their taxes are lower. These corporate entities have to pay the corporate income tax, which also exists in Austria and in Italy, and are taxed at statutory tax rate. The taxpayers can benefit from tax relief, paying less taxes than they should according to the statutory tax rate. It was determined that the effective tax rate is lower than the statutory tax rate, which means that the taxpayers in fact pay less taxes than they should. The same conclusions were drawn for Austria and Italy as well.
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