This is not a piece of news, however some may find it interesting.The Truth and Justice Alliance ????????D.A has introduced a new fiscal policy to eliminate, or at least reduce the tax evasion, corruption and eventually poverty. The rate of 16% applies to both personal and corporate income. To my knowledge Estonia, Latvia, Lithuania, Ukraine, Russia, Serbia and Slovakia have already established a flat tax.

???????How is it that such a change appeared in a country characterized by the slow pace at which it has left communism behind? After the fall of communism, in December 1989, the Social-Democratic party inheriting the young wing of the former communist party adopted a progressive taxation system, based on four classical brackets. However, in recent years, this system has become less and less efficient, due to increases in taxation levels and widespread corruption. In the years 2000-2004, the black and gray economy was constantly evaluated at 40 percent.

In real terms, this means that most firms declare zero profit, to avoid taxation, preferring to distribute the money through illegal operations. Often firms employ people with two salaries: a declared (nominal) one, at the lowest level allowed by the law, and a real one, usually two or three times higher. As long as this situation was limited to the high-income level of the population, the bracket system was defended by the social-democratic ideology of social justice based upon comprehensive redistribution.???????

You can find the piece here.