More Countries Move to Simpler, Lower Taxes
The Cato At Liberty blog has been reporting on the wave of tax simplification and corporate rate cuts taking place across the world:
- Poland may adopt a flat tax
- Iceland and Taiwan to cut corporate tax rates
- People leaving Ireland due to high personal income taxes
- Hungarian government considers a flat tax
- Kuwait cuts corporate tax rate
- Swiss canton adopts flat tax
By contrast, the U.S. federal-state corporate income tax rate stands at 39.3 percent, the second highest in the industrialized world.
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