World Economic Forum: U.S. Still Sliding

http://parrottcpa.blogspot.com/2013/09/world-economic-forum-us-still-sliding.htmlShared via feedly // published on Tax Foundation – Tax Foundation’s “Tax Policy Blog” // visit site

World Economic Forum: U.S. Still Sliding

The World Economic Forum just released their global competitiveness ranking and the good news is the U.S. is still in the top 10, number 7 to be precise, just behind the Netherlands and Germany. The bad news is that’s 2 places lower than last year, and 6 places lower than in 2008 when the U.S. was the most competitive economy on earth. 

America’s least competitive areas include taxes and government debt. The U.S. ranks 69th, right behind Ethiopia, in terms of the impact taxes have on incentives to work and invest. The U.S. ranks 103rd of 144 countries in terms of the total tax rate as a percent of profits.

U.S. respondents found taxes and government bureaucracy to be the most problematic areas for doing business:

Follow William McBride on Twitter

Advertisements

About parrottcpa

Parrott & Associates, Certified Public Accountants Specializing In Business & Individual Taxes, Accounting & Payroll Located in Cumming, Georgia http://parrottcpa.com/
This entry was posted in #bookkeeping, #business, #CPA, #IRS, #payroll, #startup, #tax, #taxes and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s