More Countries Move to Simpler, Lower Taxes
February 25, 2008
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.