Why I Pay Too Much in Taxes
E. ALLEN SMITH
EALLENSMITH at ocelot.Rutgers.EDU
Mon May 6 21:07:49 PDT 1996
From: IN%"jk at 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
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