That number is not tax as a percent of profit like corporation Tax, but includes all contributions. For example 23.5 from that number is just social security paid by the company. In other developed countries like the UK we also have those sort of taxes (at 15% of pay in the UK). It is misleading of the report to give this number as a % of profit since then if a company makes no profit, it technically has an infinite tax rate, despite the fact the tax owed does not depend on the profit.