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Thursday, June 15, 2006

Czech Coalition Government Supports Flat Tax

Another country looks to adopt a flat tax - this time the Czech Republic.

The negotiating teams of the Civic Democrats (ODS), the Christian Democrats (KDU-CSL) and the Greens (SZ) reached agreement on some programme issues, such as the flat income tax, maintenance of two VAT levels and lowering of social insurance payments, the daily Hospodarske noviny writes today. ...The government policy statement wants to replace the present four income tax levels by a single one, but it will not call it flat tax, which is the term the ODS election platform used. "We're discussing how to call this change. It is important for us to maintain some progression and this can be done even with one tax rate," Greens head Martin Bursik told the paper.

Sooner or later Western European nations will wake up to the idea, unless they want all of their jobs heading East.