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Eastern Europe Gives Taste of Flat-Tax Paradise
Flat taxes are back on the world's economic agenda. In the U.S., newly re-elected President George W. Bush has talked of simplifying the tax code, words taken by some as meaning a flat tax. And in countries such as the U.K. and Germany, there have been calls for flat taxes. Economists can debate the theory endlessly. Everyone has neat curves showing government revenue rising as taxes fall, and vice versa. Yet this debate doesn't have to be conducted in charts, or tested only in lecture halls. Flat taxes have been introduced in several former communist countries in the past few years. So far, the evidence shows they are working. If that success is sustained, it will give a powerful boost to the proponents of flat taxes. After all, even in tax policy, good ideas are eventually copied...Posted by: Anonymoose 2004-11-30 |
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