For instance, with regard to corporate taxation in Greece, 29% corporate tax (plus a 10% tax on dividends), tax competition from other countries is very intense, e.g.
from the Iberian peninsula with an average tax rate of 20% (Spain and Portugal), the Baltic countries with an average tax rate of 15% (Lithuania, Latvia, Estonia) and the Balkans with an average of 10% (Turkey 20%, Romania 20%, Albania 15%, Cyprus 12.5%, Bulgaria 10% and FYROM 10%).