Tuesday, April 17, 2007

The Czechs Are Flat - WSJ.com

"The Czechs are the latest converts with Prime Minister Mirek Topolánek's announcement last week that the personal income tax rate will fall to a flat 15% next year, replacing progressive rates of 12% to 32%. The corporate tax rate gradually drops to 19% in 2010 from the current 24%. If the Prime Minister manages to push his plans through a divided parliament in June, it would bring to 14 the number of single-rate tax systems in the world, all but four of them in Eastern Europe. (Hong Kong, Iceland, Mongolia and Kyrgyzstan are the exceptions.)"

Pretty soon they'll be calling us commies!

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