Indeed, the popularity of flat rate tax has already forced some of the earlier adopters to lower their rates, particularly on corporate income.
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One of her first actions was to introduce the poll tax or community charge, a flat-rate tax for local services which was based on individuals rather than the value of the property in which they lived.
Tax compliance increased and the inflation-adjusted revenues from the personal income tax rose more than 20 percent annually during the three years following the adoption of the flat-rate tax.
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Even if your withholding rate rises because of possible tax-rate increases after 2012, you can develop a tax-deferral strategy if the flat rate is less than your marginal tax rate.
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Americans from Utah to Massachusetts have realized the benefits of switching to a flat rate of tax as applied to their income.
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The Republic of Ireland attracts a large share of EU foreign direct investment (FDI) due to its 12.5% flat rate of tax on profits.
Yet as time passes, flat-rate tax systems may become increasingly entrenched.
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The plan starts with giving Americans a choice between a new, flat tax rate of 20% or their current income tax rate.
For those yet to adopt a flat tax rate, the incentives for adoption (from the perspective of attracting investors) are weakening as the flat-tax club increases in size.
ECONOMIST: Will more of eastern Europe adopt flat-rate tax regimes?
The best form of welfare is a good, high-paying job, and the best tax for creating jobs is a low-rate flat tax.
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In practice progressivity has tended to imply more than one rate of tax, for instance, which is necessarily less simple than a flat tax rate.
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His government then adopted a flat-rate income tax, ending Russia's days as an economic basket case.
From 2009, all but the richest Poles will pay a flat-rate income tax of 18%.
The Russian Federation has a flat income tax rate of 13%, RIA Novosti reported.
To calculate, you multiply the 17% flat tax rate with your income and subtract taxes already withheld.
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The hope is that a flat-rate income tax of 16% and a reduction in company taxes will kickstart growth.
Moscow has offered him a flat tax rate of 13% if he stays in the country for more than half the year.
Our plan allows us to have a lower flat-tax rate and produces results that should appeal to conservatives as well as liberals.
Beginning in January 2001, the newly elected Putin administration shifted to a 13 percent flat-rate income tax and also sharply reduced the payroll tax rate.
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Israel has made significant changes--especially under Benjamin Netanyahu, who was finance minister (2003--05)--but it could do a lot more, including instituting a low-rate flat tax.
Companies should be allowed to deduct dividend payments from their taxable income just like interest payments are deductible, and there should be one flat tax rate for interest and dividend income.
It gave top-tier earning expatriates the ability to avoid the standard progressive income tax of up to 43% and instead pay a flat tax rate of 24% on income earned in-country.
Yet another suggests a sharp rise in the flat rate of payroll tax that bosses pay for workers on DM610, thus discouraging hiring them (this from a party otherwise claiming to favour tax cuts to boost jobs).
Mr Salmond's big test will come in 2010, when he hopes to abolish council tax completely and replace it with a local income tax levied at a flat rate of 3p in each pound of basic-rate national income tax due.
By law, your company must withhold at least the applicable flat rate of federal income tax on the exercise of your nonqualified stock options.
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That includes an optional 15% flat tax, reducing the federal corporate tax rate to 12.5%, eliminating the tax on capital gains, abolishing the death tax, and immediate expensing for capital investment.
The tax rate could very well be a flat tax system of say 20% gross income.
But, best of all, Bulgaria has a flat tax system with a 10% income tax rate and a 10% corporate tax rate.
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The Bush Administration's proposed new savings accounts are a step--a remarkably bold one--toward a radical tax change in the U.S. This revolution is moving toward what I and others have long advocated: a flat tax--an income tax system with a single rate that would apply after a high threshold and that would exempt levies on capital gains, dividends and interest.
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