The latest edition of the International Tax Competitiveness Index, published today by the US-based Tax Foundation, shows the UK continuing to languish in 32nd place out of 38 OECD countries in terms of overall tax competitiveness — ahead of only Italy and France in the G7.
The Index is an annual ranking of 38 OECD countries based on how pro-growth their tax systems are, examining more than 40 different tax policy variables to assess how supportive each country’s tax system is of economic growth. Crucially, it makes no judgment on the overall level of taxation – only on the system’s design.
Analysis by the Centre for Policy Studies, published alongside the Index, highlights the negative impact of last year’s Budget, with the rise in the higher rate of Capital Gains Tax and the changes to Employer’s National Insurance pushing the UK down five places on the Index’s individual taxation measure.
Daniel Herring is Head of Economic & Fiscal policy at the Centre for Policy Studies. He was previously at the Legatum Institute, where he led work on the Institute’s Prosperity Index. He began his career at the New Zealand Treasury. He holds degrees in Law and Arts (majoring in Politics and Economics) from the University... View Article
