The Washington, DC, based Tax Foundation finds in its 2014 International Tax Competitiveness Index that Estonia has the most competitive tax system in the OECD (the Organisation for Economic Co-operation and Development).
The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the degree to which the 34 OECD countries’ tax systems promote competitiveness through low tax burdens on business investment and neutrality through a well-structured tax code. The ITCI considers more than forty variables across five categories: corporate taxes, consumption taxes, property taxes, individual taxes and international tax rules.
According to ITCI, Estonia currently has the most competitive tax code in the OECD. Its top score is driven by four positive features of its tax code. First, it has a 21 percent tax rate on corporate income that is only applied to distributed profits. Second, it has a flat 21 percent tax on individual income that does not apply to personal dividend income. Third, its property tax applies only to the value of land rather than taxing the value of real property or capital. Finally, it has a territorial tax system that exempts 100 percent of the foreign profit earned by domestic corporations from domestic taxation with few restrictions.
The ITCI attempts to display not only which countries provide the best tax environment for investment but also the best tax environment to start and grow a business.
Estonia was followed by New Zealand, Switzerland, Sweden and Australia. France has the least competitive tax system out of 34 OECD countries.
The Tax Foundation is a non-partisan research think tank, established in 1937.
Cover photo: VisitEstonia.
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Situation at the East of Ukraine is getting more and more complicated. Number of refugees from Donetsk and Lugansk regions searching for shelter in other regions is increasing. These people left their flats, cars, clothes and money and escaped to other regions. The government of Ukraine doesn’t do much to help them. Most of support is provided by NGOs and charity organizations.
Our organization “Lugansk Regional Charitable Foundation “Teenager” and our partners from Vinniky city (Lviv region) made a refugee camp. 200 refugees from Mariupol, Lugansk and Donetsk live in this camp. We provide them free place to live and food. Most of them are children and women. We also provide help to refugees in other cities of Lviv region. But our resources are getting more and more limited.
We are financing food and shelter for refugees but our money will soon be over.
In attached document you can find project and budget for emergency financing.
Please consider emergency financing of this project. Its total budget is 10 000 Euro. But even 10 Euro would be great help for us.
We hope for your help
Deputy Managing refugee camp, Head of board Luhansk regional Charitable Foundation “Teenager”
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