Monday, April 25, 2005

Sensible Sweden - On Economics?

"Sweden should consider flat tax"
Dagens Nyheter has called on the government to consider abolishing progressive income tax, and replace it wth a single rate.
Now DN has called on Swedish politicians to take another look at the issue. There are good reasons to do so, it argues. Firstly flat taxes make it more worthwhile to work and become skilled, hence leading to higher economic growth. Secondly flat taxes reduce bureaucracy, simplifying matters for both the authorities and individuals. Thirdly, politicians will no longer be in a position to introduce arbitrary changes to tax scales which have unfair consequences. DN argues that old Europe has much to learn from new Europe on taxation matters.

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