Estonia Lowering Taxes - Flat Tax Works
Discussion
I was studying some economic succesess is less noted nations. I see that Estonia has a 25% flat tax. No lawyers, no loopholes, etc. Simply go online and submit your payments. This helped revenue so well that they have decided they can now lower the flat tax to 18%. It appears that the Soviet marxist economy model is still fresh enough in their mind that they are not tempted by "fashionable socialism" as so many others are; Capitalism is fine for them thank you.
es.Jimbeaux said:
I was studying some economic succesess is less noted nations. I see that Estonia has a 25% flat tax. No lawyers, no loopholes, etc. Simply go online and submit your payments. This helped revenue so well that they have decided they can now lower the flat tax to 18%. It appears that the Soviet marxist economy model is still fresh enough in their mind that they are not tempted by "fashionable socialism" as so many others are; Capitalism is fine for them thank you.
It seems the majrity fail to grasp that even at flat rate tax, those "who are better off will caryy more onthe shoulders". shame that, lowering the tax to say 30% flat rate and then inviting corporations and busnesses from boring places like zurich would just make this country so cash rich ad happy, rather than drive everyone in depression and vilify "bankers"...-What do you do?
-I trade commodites
-so you are a banker? BURN HIM!!!
Flat Rate tax is easy for what is, in effect, a brand new economy. Estonia and the other Baltic Sates have only been non-Communist for 20 years - so they have only had Western style tax structures for 1/10 of the period of the UK. It will be interesting to see how simple Estonia's tax regime will be in 2210.
The UK (and most other Western economies) have tax regulations that go back over 200 years, sometimes longer. Governments are reluctant to remove old taxes. They just like adding new ones.
The UK (and most other Western economies) have tax regulations that go back over 200 years, sometimes longer. Governments are reluctant to remove old taxes. They just like adding new ones.
Edited by Eric Mc on Tuesday 16th February 11:00
Eric Mc said:
Flat Rate tax is easy for what is, in effect, a brand new economy. Estonia and the other Baltic Sates have only been non-Communist for 20 years - so they have only had Western style tax structures for 1/10 of the period of the UK. It will be interesting to see how simple Estonia's tax regime will be in 2210.
The UK (and most other Western economies) have tax regulations that go back over 200 years, sometimes longer. Governments are reluctant to remove old taxes. They just like adding new ones.
Indeed. Oscar Wilde said "Bureaucracy expands to meet the needs of the expanding bureaucracy". Might just be easier to replace the government first The UK (and most other Western economies) have tax regulations that go back over 200 years, sometimes longer. Governments are reluctant to remove old taxes. They just like adding new ones.
Wikipedia says:
"Estonia is ranked 12th of 162 countries in the Index of Economic Freedom 2008"
..but the 2010 list in another article places it at #16 with the UK at #11 (the first article mentions lack of labour market freedom)
"Estonia is ranked 12th of 162 countries in the Index of Economic Freedom 2008"
..but the 2010 list in another article places it at #16 with the UK at #11 (the first article mentions lack of labour market freedom)
Edited by HundredthIdiot on Tuesday 16th February 11:23
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