Estonia Ranked First for Tax Competitiveness in OECD Index
What happened
The Tax Foundation published its annual International Tax Competitiveness Index, which evaluated 38 OECD countries. The report noted that Estonia has a highly competitive corporate and individual tax system, ranking first in the index. However, Estonia ranked 24th for consumption taxes, such as VAT.
From cityam.com
Why it matters
The index highlights the competitive nature of Estonia's tax structure compared to other nations. This finding is being used in political discussions, such as those by Andrew Griffith, to advocate for simpler and lower taxes within the UK's economic plan.
From cityam.com
Who's involved
- EstoniaCountry noted for having a highly competitive corporate and individual tax system.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Department for International TradeSpeculative
The Department for International Trade may see the international tax competitiveness discussion align with its trade policy mandate.