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Report: U.S. Ranks 24 Out of 35 on International Tax Competitiveness

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By Emily Ward | cnsnews

(YouTube)

(CNSNews.com) — The United States improved its tax competitiveness rating during 2018 from 28th to 24th out of 35 countries on the International Tax Competitiveness Index (ITCI), following the implementation of its Tax Cuts and Jobs Act (TCJA), according to the Tax Foundation.

“Due to reforms made by the Tax Cuts and Jobs Act to lower the corporate income tax rate, improve expensing of capital investments, and adjust personal income tax rates, the U.S. improved four spots” on the ITCI, the Tax Foundation wrote in a press release.

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