International Tax Competitiveness Index 2024
businesses: Tax Foundation
- Tax competition has been a focus for policymakers since the 1990s.
- The 'International Tax Competitiveness Index 2024' provides an overview of current tax policies.
- The index is prepared by the Tax Foundation, which publishes data and research on US and global tax policies.
- Recent changes in tax policy among OECD countries have had mixed effects, with some countries lowering corporate tax rates while others have increased them.
- Estonia ranks as the top country for tax laws for the 11th consecutive year, due to its favorable corporate tax structure and exemptions for foreign earnings.
- Countries like Latvia and New Zealand also have competitive tax systems, while Colombia and Italy rank as the least competitive due to high rates and complex structures.
- Turkey ranks 11th out of 36 countries in the index, with strong performance in income tax and cross-border tax rules.
Find out the mood, impact, relevance and relevant interest groups
Analyses of the article
SENTIMENT
The article presents factual information about tax policies and rankings without expressing a clear positive or negative bias.
IMPACT
Short
The article discusses current tax policies and rankings, which can have noticeable impacts in the short term as countries adjust their tax strategies.
RELEVANCE
Moderate
The article is moderately relevant as it focuses on tax policies that may interest policymakers and economists but may not engage the general public significantly.
STAKEHOLDER
Government
The article primarily addresses government stakeholders as it discusses tax policies and rankings that are of interest to policymakers.