Estonia tops the rankings in a new report by the Organisation for Economic Co-operation and Development (OECD) that was published last week by the Tax Foundation, a tax policy non-profit in the U.S. The ranking zooms in on the the most competitive tax regimes around the world.
Estonia’s top score is driven by a 20 per cent percent tax rate on corporate income that is only applied to distributed profits and also by property tax that only applies to the value of land, rather than to the value of real property or capital, the authors of the International Tax Competitiveness Report wrote.
The report also highlights Estonia’s e-Residency programme as one of the main contributors to the high value and rapid growth of the national brand, allowing anyone around the world to access the country’s public e-services, as well as set up and run an EU-based company online.
Estonia’s Rankings
Category | Rank | Score |
Overall Rank | 1 | 100 |
Corporate Taxes | 3 | 99.07 |
Individual Taxes | 1 | 100 |
Consumption Taxes | 9 | 80.33 |
Property Taxes | 1 | 100 |
Crossborder Taxes | 15 | 80.58 |
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