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Economy

Citizens of Ivory Coast pay a theoretical tax rate of over sixty percent on their corporate income

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If you thought your payroll deductions were bad, try starting a business in West Africa. According to historical World Bank data, the Ivory Coast imposes a staggering combination of profit, labor, and miscellaneous taxes on businesses that can theoretically drain over 60 percent of their commercial profits.

Citizens of Ivory Coast pay a theoretical tax rate of over sixty percent on their corporate income
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