The taxes in Portugal are not low. 23% VAT, 21% corporate tax, 34% income tax and besides that we have a very corrupt politic system and the companies don't have liquidity due to the hawkish tax system.
If it we had a more capitalist mentality we could be the Switzerland of Southern Europe. But the food, the weather and the people makes you forget all those disvantages
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Thanks for the update.
good information