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10 Countries with Most Economic Freedom
By siliconindia
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Thursday, 03 November 2011, 00:50 IST |
1 Comments
3. New Zealand:
New Zealand has an impressive record of economic freedom and benefits from its openness to global trade and investment. The 2011 World Bank 'Doing Business' report ranked New Zealand third in the world for ease of doing business, first for ease of starting a business and first in the world for protecting investors. The Heritage Foundation and The Wall Street Journal, ranked New Zealand as the fourth freest economy in the world and as number one for business freedom. New Zealand has a very simple taxation system, with no capital gains tax and no payroll taxes. New Zealand went up 0.2 on last year's score with 99.9 for business freedom, 86.6 for trade freedom, 64.7 for fiscal freedom, 49.3 for Government spending, 84.8 for monetary freedom, 80.0 for investment freedom, 80.0 financial freedom, 95.0 for property rights, 94.0 for freedom from corruption and 89.2 for labor freedom.
