This mini-documentary from the Center for Freedom and Prosperity discusses the global flat tax revolution. There are now 24 flat tax jurisdictions (actually 25, but we didn’t know about Trinidad & Tobago when the video was filmed), a remarkable development given the ideological opposition to tax reform from special interest groups and class warfare advocates. The six-minute video explains the key features of the flat tax revolution and highlights the reforms in Hong Kong, Estonia, and Iceland. The flat tax revolution has been especially strong in former Soviet-bloc nations, a rather ironic development since a so-called progressive income tax was a key tenet of Marx’s Communist Manifesto.
The Global Flat Tax Revolution
April 10, 2009 by Dan Mitchell
Posted in Economics, Fiscal Policy, Taxation, Uncategorized, Video | Tagged Fiscal Policy, Flat Tax, Free Markets, Liberty, Taxation, Video | 45 Comments
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[…] In my video, by contrast, I got to share the good news about the tax reform that was taking place in Eastern Europe. […]
[…] In my video, by contrast, I got to share the good news about the tax reform that was taking place in Eastern Europe. […]
[…] Such as the top-ranked business tax system and the pro-growth flat tax. […]
[…] I’m a fiscal policy wonk, I’m especially impressed by Estonia’s flat tax, as well as the fact that there is no double taxation on corporate […]
[…] factors in Freedom of the World, Ukraine does best in the fiscal policy measure (in part because it has a flat tax!), but it has a horrible grade for monetary policy and doesn’t do well in the other […]
[…] We should give credit to the handful of nations that have lowered tax rates, several of which replaced discriminatory systems with simple and fair flat taxes. […]
[…] Estonia has a non-discriminatory flat tax. […]
[…] interesting about the new member states of Eastern Europe is that many of them have flat taxes and low corporate […]
[…] part, this is an opportunity to highlight that Georgia is one of many nations to adopt a flat tax. Georgia’s 20 percent flat tax not only has a single rate, but also […]
[…] And I definitely shouldn’t forget to mention that Georgia is part of the global flat tax revolution. […]
[…] off the vestiges of communism with a plethora of very attractive policies – including a flat tax, personal retirement accounts, and spending […]
[…] a fan of the Baltic nations in part because they were among the first to adopt flat tax systems after the collapse of the Soviet empire. But tax reform was just the beginning. Estonia, Latvia, […]
[…] a fan of the Baltic nations in part because they were among the first to adopt flat tax systems after the collapse of the Soviet empire. But tax reform was just the beginning. Estonia, Latvia, […]
[…] a fan of the Baltic nations in part because they were among the first to adopt flat tax systems after the collapse of the Soviet empire. But tax reform was just the beginning. Estonia, Latvia, […]
[…] while it’s good that some Eastern European nations have flat taxes, that’s not an economic elixir if there are very high payroll taxes, stifling value-added […]
[…] I confess that I’m jealous that other nations have adopted this common-sense reform while we’re still stuck with a punitive and unfair internal revenue […]
[…] been some success. Romania is one of the many flat tax nations in Eastern Europe. And it ranks #22 in Economic Freedom of the World, which is rather impressive (though it only […]
[…] been some success. Romania is one of the many flat tax nations in Eastern Europe. And it ranks #22 in Economic Freedom of the World, which is rather impressive (though it only […]
[…] yes, we should have a flat tax. Other nations shouldn’t have all the […]
[…] of data and lots of countries. Estonia gets the top score, and deservedly so. It has a flat tax and many other good policies. It’s also no surprise to see New Zealand and Switzerland near […]
[…] Mikloš – A former Finance Minister of Slovakia, Ivan oversaw the introduction of both a flat tax and personal retirement accounts, policies that helped contribute to rapid growth and the nation […]
[…] Mikloš – A former Finance Minister of Slovakia, Ivan oversaw the introduction of both a flat tax and personal retirement accounts, policies that helped contribute to rapid growth and the nation […]
[…] Estonia is a leader in the global flat tax revolution. It has a simple and fair system with a relatively reasonable rate of 20 […]
[…] some people. After all, isn’t the welfare state smaller in these countries? Haven’t many of them adopted pro-growth reforms such as the flat […]
[…] just like I rely on real-world evidence for my praise of the flat tax, there’s also real-world evidence for successful fisheries […]
[…] has a low-rate flat tax, meaning that investors, entrepreneurs, and small-business owners aren’t punished for […]
[…] The nation with the biggest improvement since 2000 is Romania. Thanks to reforms such as the flat tax, its score has skyrocketed from 5.31 to 7.69, an increase of 2.38 points. At this rate, they’ll […]
[…] The nation with the biggest improvement since 2000 is Romania. Thanks to reforms such as the flat tax, its score has skyrocketed from 5.31 to 7.69, an increase of 2.38 points. At this rate, […]
[…] used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax […]
[…] for a bit of good news. There are still more than 25 flat tax jurisdictions in the world, including two of my favorite places – Hong Kong and […]
[…] used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax […]
[…] for a bit of good news. There are still more than 25 flat tax jurisdictions in the world, including two of my favorite places – Hong Kong and […]
[…] used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax […]
[…] for a bit of good news. There are still more than 25 flat tax jurisdictions in the world, including two of my favorite places – Hong Kong and […]
[…] system is working in about 30 nations around the world. Isn’t it time America had a tax system that made […]
[…] there are now about 30 nations around the world that have adopted this simple and fair system, so reform isn’t impossible. But it will only […]
[…] used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax […]
[…] used to argue that the flat tax was unworkable, but there are now about 30 nations with a version of this simple and fair tax […]
[…] If he really wants to improve the French economy, he should copy the Baltic nations and dramatically reduce the burden of government spending, while also replacing a punitive tax system with a simple and fair flat tax. […]
[…] If he really wants to improve the French economy, he should copy the Baltic nations and dramatically reduce the burden of government spending, while also replacing a punitive tax system with a simple and fair flat tax. […]
[…] here’s the video on the global flat tax revolution. Interestingly, there are now about five more flat tax jurisdictions since this video was made […]
[…] well done. Given my video on the flat tax, as well as my video on the global flat tax revolution, you probably are not surprised by my reaction to Congressman Ryan’s […]
[…] 30 nations now have the morally and economically superior tax regime, a remarkable increase since I narrated a video two years ago and there were only 25 countries on the […]
[…] 30 nations now have the morally and economically superior tax regime, a remarkable increase since I narrated a video two years ago and there were only 25 countries on the […]
[…] now it is time for some jealousy. There are more than 25 jurisdictions around the world that have flat tax systems and do not face the horror and anxiety of complicated tax systems. This is a remarkable change […]