For the eleventh year running, the country with the most competitive tax code in the OECD is Estonia, according to the annual International Tax Competitiveness Index (ITCI) published on Tuesday 22 October by the business-friendly think-tank Tax Foundation. Latvia came second and Lithuania fifth. Portugal, France and Italy are at the bottom of the ranking, in places 35 to 37 out of 38.
Estonia’s score is due to four positive features of its tax system: its 20% tax rate on corporate...