According to Goranov, the idea is to let local governments choose whether to stick to the 10% flat income tax
to attract investment to their municipalities, or collect more money, for example in cities with low unemployment rates.
Why don't they simply introduce a flat income tax
rate of say 25 per cent or 30 per cent - it would then encourage far more people to come clean, pay tax and not have to look over their offshore shoulder all the time.
But Fico has vowed to dump Dzurinda's flagship policy - a 19% flat income tax
- and reel in more from the rich, banks and other firms that have enjoyed high profits.
I've argued before that we should get rid of all tax deductions and have a flat income tax
of, say, 20 percent.
As the Tax Law imposes a flat income tax
of 10% on foreign individuals (except employees) and entities resident in Qatar, any foreign individuals or entities performing consultancy services for Qatari entities from outside of Qatar will be subject to 5% withholding tax for technical fees.
The Tax Court held that a land surveying company was a personal service corporation subject to a 35% flat income tax
rate because it was engaged in engineering, despite the fact that it performed no work requiring an engineering license under state law.
A central component of O'Malley's proposal was converting the state's flat income tax
He found that a flat income tax
of 38 percent was enough not only to support a BIG large enough to eliminate poverty but also to continue to support everything else the U.
The fact that the refunds are tilted toward those at the top of the economic pyramid suggests that despite its relatively flat income tax
system, Oregon collects most of its taxes from people in the higher income brackets.
There are few advantages in using a C corporation for a PSC because of the required calendar year and the 35% flat income tax
Finally, if I am correct in thinking that the flat consumption tax beats the flat income tax
, then there is additional reason to embrace the consumption tax: It alone does not distort intertemporal decisions on consumption.
The government eliminated import tariffs and instituted a flat income tax