I've just seen an interesting item in the Wall Street Journal (5/5/06) about the possible implementation of flat taxes (individual and corporate) by the government of Costa Rica:
"Immediately after President-elect Oscar Arias takes office in
The writer (Mary Anastasia O'Grady) further notes: "Yet the flat tax has already proved an effective way to fight poverty in a host of developing countries. For individuals, tax evasion goes down and tax collection goes up because of better compliance. Low corporate rates attract capital, spurring economic growth and job creation. That means there is more money in government coffers to help the needy. Without a laundry list of tax exemptions and loopholes, corruption is thwarted".
C'mon Gordon, how about it?
(I'm not in the habit of getting my news a month old, but the explanation for why I've seen this is far too boring to go into. However, a friend's father has stockpiled his old newspapers and is currently working through copies of Le Monde from the 70's at the rate of a copy a day)
Labels: Sane economics, South America
no chance,the result would be public sector redundancies and we can't have GB sacking his voters can we?
Croydonian said... 3:08 pm
Exactly, I thought I'd throw that in for a laugh.
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