Can be more like 27-29% for that outside the UK/EU.
Indirect taxation is going to be a big feature going forward.

For example, the UK is planning on ending council-tax:
o It is a local tax based on house valuation
o House valuation which has rocketed 20-22%/yr nat-avg
Instead it's replaced by a "fairer" local-income-tax:
o Increasingly few people can afford to buy
o So forces multiple-occupancy = division of asset-based tax

As many in UK/EU have found the EU has tightened up Internet
transaction taxation re VAT - on EBay & such like. Those who
used Ireland as a base for tax reasons now find 20% VAT.

As yet they are still trying to come up with a means to charge,
I mean tax, more effectively the Internet. It will come.
--
Dorothy Bradbury