Estonia's economy continues to benefit from a transparent government and policies that sustain a high level of economic freedom, ranking 6th globally and 2nd in Europe. The rule of law remains strongly buttressed and enforced by an independent and efficient judicial system. A simplified tax system with flat rates and low indirect taxation, openness to foreign investment, and a liberal trade regime have supported the resilient and well-functioning economy. , the Ease of Doing Business Index by the World Bank Group places the country 16th in the world. The strong focus on the IT sector has led to much faster, simpler and efficient public services where for example filing a tax return takes less than five minutes and 98% of banking transactions are conducted through the internet. Estonia has the 13th lowest business bribery risk in the world, according to TRACE Matrix.