Sunday, December 24, 2017

15% Flat Tax: Tax Reform Italian Style

Want to see the one of the world's best tax reform plans?  It was developed by Armando Siri, current economic advisor to Italian Prime Ministerial candidate Matteo Salvini of the Northern League.  The Nothern League will be joining two other free-market, low tax parties in a coalition to contest Italy's next national election, likely in March 2018.

If elected, and if Salvini becomes Prime Minister, one of its first actions will be to introduced its 15% flat tax plan.  This would be the beginning of Italy's resurgence, and a model for other European countries.  Here's hoping.

(Disclosure:  I advised Armando Siri on the development of his 15% flat tax.)

Tuesday, December 13, 2016

The 15% Flat Tax Coninues To Percolate In Italy

Armando Siri explains his 15% Flat Tax in Italian.

Go to Armando Siri's web page on the Italian Flat Tax

http://tassaunica.it/

To watch the video click on the video play button.

For the English book cover of his Flat Tax see below. An English language edition of the book is forthcoming.


Monday, July 4, 2016

Personal Income Flat Tax Retreat: Summary And Update In Chronological Order

Iceland

2007:  36% flat rate combined national and municipal
2010:  24.1%, 27%, 33% national plus additional municipal tax rates
           of 11.24-13.28%

Czech Republic

2008:  15% flat rate
2013:  15%, 22%

Slovakia

2004:  19% flat rate
2013:  19%, 25%

Albania

2008:  10% flat rate
2014:  13%, 23%

St. Helena

2012:  25% flat rate
2015:  26%, 31%

Ukraine

2004:  13% flat rate
2007:  15% flat rate
2011:  15%, 17%
2015:  15%, 20%
2016:  18%, 20%

The IMF, other global organizations, and a large majority of economists and tax specialists around the world oppose the flat tax on ideological grounds.  They have been working relentlessly for several decades to replace the flat tax with multiple, graduated rates.

Thursday, December 31, 2015

New Parties in Poland and Ireland Propose Flat Taxes

Poland

A new party, .Nowoczesna (.Modern Party) was formed in May 2015.  Its leader is Ryszard Petru. Its tax policy is an across-the-board 16% flat tax (16% personal income tax, 16% corporate income tax, and 16% value added tax).

The party received 7.6% of the vote in the October 25, 2015, parliamentary elections, coming in fourth place.  At the end of 2015, its favorability rating in the polls stood at 13%.

Ireland