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.

Promoting The Flat Tax In Italy

Promoting The 15% Flat Tax In Italy

Morning Cup Of Joe

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

A new party, Renua, was formed on March 13, 2015.  It proposes a 23% flat rate of income tax.

Countries or Jurisdictions With a Flat Tax as of March 2015 (Includes Personal Exemption or Allowance. Effective Zero Rate on First Tranche of Earnings or Self-Employed Business Profits)

Jurisdiction	Tax Rate (%)
Abkhazia	10%
Andorra	10
Anguilla	3
Belarus	12
Belize	25
Bolivia	13
Boznia and Herzegovina	10
Bulgaria	10
Czech Republic	15
Estonia	21
Georgia	20
Greenland	37
Grenada	30
Guernsey	20
Guyana	33.3
Hong Kong	15
Hungary	16
Jamaica	24
Jersey	20
Kazakhstan	10
Kyrgyzstan	10
Latvia	24
Lithuania	20
Macedonia	10
Madagascar	20
Mauritius	15
Mongolia	10
Montenegro	9
Nagorno-Karabakh	5
Pridnestrovia	10
Romania	16
Russia	13
Serbia	12
St. Helena	25
Seychelles	15
Slovakia	19
South Ossetia	12
South Sudan	10
Switzerland	11
Timor-Leste	10
Trinidad and Tobago	25
Turkmenistan	10
Tuvalu	30
Yemen	15
Notes:
Czech Republic has a Temporary 22% Upper Rate
Greenland has an Additional 5% Municipal Flat Rate
Slovakia has a Temporary 25% Upper Rate
Switzerland has an Additional 4…35% Cantonal and Municipal Flat Rate Isle of Man is Considering a 20% Flat Tax Effective April 1, 2016

2014 Wrap Up: Albania Abandons Its Flat Tax

Effective January 1, 2014, Albania replaced its 10% flat tax on personal and business income with two rates of 13% and 23% on personal income and 15% on all forms of business income.  Details are here.

Left-wing politicians have been waging continuous war against those countries that have adopted a flat tax during the past quarter century. While Thomas Piketty has won a small battle in Albania, its people will be the losers in years to come.