From: IN%"jk@stallion.ee" "=?ISO-8859-1?Q?J=FCri_Kaljundi?=" 5-MAY-1996 11:47:15.29

Here in Estonia there was a proposal made in the parliament to remove taxation on corporate income (right now there is a proportional corporate income tax of 26%), which should bring more foreign investments into Estonia and also make Estonian economy develop faster. Estonia I think is one of few countries where there is a possibility of accepting this kind of law. Of course European countries, USA and different international financial organisations are very against this kind of law. This law would apply both to companies and to self-employed private persons (farmers for example).

Let me guess the reason for the objection... it would make siting an offshore-type company in Estonia to avoid taxes possible. -Allen