Dash of Calabash

• Kyrgyzstan (since 2006) - 10%lang=”EN-GB”>
• Kazakhstan (2007) - 10%
• Bulgaria (2008) - 10% New
• Macedonia (2007) - 10% Lowered
• Georgia (2005) - 12%
• Macau - 12%
• Ukraine (2004) - 13%
• Russia (2001) - 13%
• Hong Kong (1947) - 15% Lowered
• Iraq (2004) - 15%
• Romania (2005) - 16%
• Slovakia (2004) - 19%
• Jersey and Guernsey (1940) - 20%
• Estonia (1994) - 21% Lowered
  • 2009 - 20%
  • 2010 - 19%
  • 2011 - 18%
• Island (2007) - 22.5% Lowered
• Lithuania (1994) - 24% Lowered
• Latvia (1994) - 25%

 

Why flat income taxes?

1. Simple and fair

2. Promotes economic growth

3. Promotes tax competition

4. Neutral to inflation

 

Why mostly in the new democracies?

1. Liberal values with more individual freedom

2. Wish to get rid of socialistic high taxes

3. Wish to reduce the black economy

4. Wish to promote economic growth and increased tax revenues with lower taxes (see Russian example)

 

5. No heavy package of social welfare

 

Copyright: Björn Tarras-Wahlberg, CEO, World Taxpayers Associations

2008-01-01. Any news to: BTW@worldtaxpayers.org +46 70 325 00 11.

This entry was posted on Tuesday, January 8th, 2008 at 8:44 am and is filed under Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.