The other benefit of availing yourself of the optional flat tax
is the simplification of compliance with requirements.
The 8% flat tax
will only be filed once a year, while VAT and percentage tax shall be filed quarterly.
They said many economies were attracted to an idea of flat tax
because traditional taxation system caused reduction in economic growth.
Texas), who is running to be the Republican Party standard bearer in this year's presidential election, is campaigning in part on a proposed reform he is calling the "Simple Flat Tax
It turned out that the 10 percent flat tax
rate didn't brought about economic development and so the question is if time has come to restructure this regime and move on to a regime of moderate progressive taxation," Gacov says.
I recommend every country to introduce the flat tax
, because the private sector will have a more quality use of the money than the country ever will, stressed Gruevski.
Instead, aAaAaAeAeAaAeAeA flat tax
means that everyone pays the same tax rate.
The flat tax
would add more fairness to the tax code, ensuring that "no hedge fund manager pays less than his secretary," Cruz said at the debate.
The two motions to scrap the flat tax
rate and replace it by a non-taxable monthly income of BGN 340 or BGN 400 and progressive taxation in four or six income brackets above the minimum were submitted by opposition Socialists and nationalist Ataka party respectively.
The Tories have distanced themselves from Mr Letwin, insisting that there will be no flat tax
despite strong support for the idea within the party.
A flat tax
has to be considered in this light--for example, the authors did not refer to the economic effects of removing the mortgage interest deduction or the social value of giving each American the opportunity to own a home.
According to Rizaov, the Minister of Finance and the father of the economic wonder according to Doing Business, Zoran Stavreski, is preparing a salto mortale of the flat tax
while the Government is preparing a law on dramatic increase of taxes in a delicate pre-election moment.