Tuesday, October 23, 2007

Poland New Flat Tax Country

In Poland, the relatively free market Civic Platform Party headed by Donald Tusk won in the elections over the more socially conservative Law and Justice Party, headed by the identical twin Kascynski brothers.

While the Kascynski government has actually also lowered the burden of government and so helped Poland achieve 6-7% GDP growth, Donald Tusk and his party has promised to privatize and cut spending even more, and also replace the current income tax with a low 15% flat tax. If that happens, then economic growth could rise to levels as high as 10%, like it did in Slovakia after they introduced their 19% flat tax.


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