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Eurosceptic Bloggers

Thursday, February 24, 2005

New Europe, New Ideas

The Adam Smith Institute is reporting on the growing trend of flat taxes in Central and Eastern Europe.
Companies and individuals in Romania now pay a single tax rate of just 16 percent. But it's just the latest of a long list - Estonia, Latvia, Lithuania, Ukraine, Russia, Serbia, Slovakia - to adopt the Flat Tax idea. Opposition parties want the same in Poland and the Czech Republic.
Simple tax systems distort the economy less and increase collection rates, a big problem in some of these countries. Let’s hope a major Western European country jumps on the bandwagon soon and makes the bandwagon unstoppable.

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