11/04/2007 6:53:53 am
The Flat Tax Revolution Continues. Flat taxes - the same percentage tax level regardless of income - for individuals and companies has been introduced in nine countries. The elections in Slovakia, with the new Government promising to introduce a progressive tax again - seemed to be a backlash. This has still not happened. And the ironing of taxes continues. The Czech Government has now presneted its plan for flat taxes. Read more. At the same time, they decrease the corporate tax level from 24 per cent to 19. This trend continues too. In Estonia, the flat tax rate will drop from 22 per cent to 18. Read more. In fact, a study shows that during the last four years, 16 of the 25 EU countries have decreased their corporate tax levels, and no country increased it. Read more. It is a race to the top following tax competition.