Posts Tagged ‘tax system’

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Today, the Tax Foundation released its 2014 International Tax Competitiveness Index (ITCI). The ITCI measures the competitiveness of tax systems in the 34 countries in the the Organisation for Economic Cooperation and Development (OECD) based on criteria in five categories: corporate income taxes, individual taxes, consumption taxes, property taxes, and the treatment of foreign earnings.

Removing the inequity of the tax system would have gone a long way in helping the survival of small companies.

Almost everyone agrees that our corporate tax system is a mess, and we are once again hearing various politicians propose various solutions. Ignoring all the political rhetoric (which is only going to get more heated and irrational as the November election approaches), the fix is pretty easy to see. Here’s the story.

You cannot stay one day in Brazil without hearing someone complain about high taxes and poor public services. According to this narrative, the prices of everything from cars to beauty products are inflated by opaque taxes even as the nation struggles with sub-standard hospitals, inadequate public transport and other services.

China’s Finance Ministry said Tuesday that it would cut the tax burden on small enterprises to boost the economy and employment as growth slows.

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