Interesting editorial in Friday’s Wall Street Journal, The World is Flat:
Sooner or later it had to happen: The mainstream press is finally discovering the flat-tax movement that has been sweeping Europe…. By our count, this brings to 11 the number of nations with a single-rate, postcard tax system. More dominoes are expected to fall in the next few years.
The WSJ published a table showing the flat tax rates in these eleven countries. I have added below the 2004 GDP growth rates in these countries, which in 9 of 11 cases exceeds the average 3.4% worldwide growth rate of major industrialized countries:
Flat Tax Rates and GDP Growth Rates
Country
Flat Tax Rate
GDP Growth Rate
Estonia
24%
4.8%
Georgia
12%
5.5%
Greece
25%
4.0%
Hong Kong
16%
2.9%
Latvia
25%
6.8%
Lithuania
33%
7.1%
Romania
16%
4.5%
Russia
13%
7.3%
Serbia
14%
2.0%
Slovakia
19%
3.9%
Ukraine
13%
8.2%
8 responses to “The Flat Tax and Economic Growth: The International Experience”
Flat tax
There was an editorial in Friday’s WSJ regarding all the countries in Eastern Europe who are going to the flat tax and some that have gone to the flat tax lowering it further. Western Europe is up in arms about it as you can imagine.
This…
The Flat Tax and Economic Growth
People should pay more attention to the data, as TaxProf Blog notes. (via Andrew Sullivan)
Flat Tax: Greater Growth vs. Wealth Distribution
Should America adopt a flat tax? There is strong evidence that flat tax countries are growing more quickly. Their appeal is simple: flat taxes are easy to understand and harder to avoid. You can read the theoretical case for flat taxes and even how a f…
Flat Tax: Greater Growth vs. Wealth Distribution
Should America adopt a flat tax? The appeal is simple: flat taxes are easy to understand and hard to avoid. Now there is strong evidence that flat tax countries are growing more quickly. This doesn’t prove a causal relationship, but it’s certainly comp…
Flat Tax: Greater Growth vs. Wealth Distribution
Should America adopt a flat tax? The appeal is simple: flat taxes are easy to understand and hard to avoid. Now there is strong evidence that flat tax countries are growing more quickly. This doesn’t prove a causal relationship, but it’s certainly comp…
Flat Tax: Greater Growth vs. Wealth Distribution
Should America adopt a flat tax? The appeal is simple: flat taxes are easy to understand and hard to avoid. Now there is strong evidence that flat tax countries are growing more quickly. This doesn’t prove a causal relationship, but it’s certainly comp…
The Flat Tax & GDP Growth
Tax Prof quotes a WSJ piece noting the popularity of the Flat Tax in Eastern Europe, and the high GDP growth rates it might be prompting. (Course, Eastern Europe could just be growing because it’s a fairly advanced region coming…
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