
The International Tax Competitiveness Index (ITCI) Countries of the Organization for Economic Cooperation and Development (OECD) for 2024 year emphasizes, that to increase competitiveness the focus should focus on simplicity, reduced tax burden and neutrality of taxation of investment. Estonia ranks first in the ITCI rankings as the country with the most competitive tax system in the world for
11 years in contract. Money. Photo: Arvo Meeks
Report International Tax Competitiveness Index (ITCI) countries Organization for economic cooperation and development (OECD) for 2024 year stresses, that to increase competitiveness the focus should focus on simplicity, reduced tax burden and neutrality of taxation of investment. Estonia is ranked first in the ITCI rankings as the country with the most competitive tax system
in the world for 11 years in contract.
ITCI analyzes the tax systems of countries in the world, assessing their attractiveness to businesses and investors. The Index compares the tax systems of 38 OECD countries and evaluates how competitive they are and neutral. The goal of the research is to identify which tax systems encourage economic growth and investment, and which could delay economic development.
The 2024 year results show that Estonia is already 11th year contracted to hold the first place in the world as the country with the most competitive taxsystem.taxation ofprofits,withthetaxonlyontheprofitpaid,hasrecognizedEstoniaasabusiness-friendlycountry.
Business-friendly.