On 31 October 2017, Tax Foundation published its International Tax Competitiveness Index, and Estonia, for the fourth year in a row, holds firm to its top spot in the rankings, writes taxlinked.net.

Estonia ranks highly as a result of the following factors: 1) “it has a 20% tax rate on corporate income that is only applied to distributed profits;” 2) “it has a flat 20% tax on individual income that does not apply to personal dividend income;” 3) “its property tax applies only to the value of land, rather than to the value of real property or capital,” and; 4) “it has a territorial tax system that exempts 100% of foreign profits earned by domestic corporations from domestic taxation, with few restrictions,’ explain Kyle Pomerleau, Jared Walczak and Scott A. Hodge of Tax Foundation.

The full rankings table is available here.