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Article: ESTONIA: PRIME MINISTER ANSIP - RAPID ECONOMIC GROWTH ALLOWS FOR REDUCING INCOME TAX TO 18 PERCENT
- Article from:
- US Fed News Service, Including US State News
- Article date:
- January 25, 2006
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The government of Estonia issued the following news release:
Meeting with the members of the Estonian Chamber of Commerce and Industry this morning, Prime Minister Andrus Ansip proposed that the income tax rate be further reduced to 18% by the year 2011.
According to Andrus Ansip, a foundation must be laid for the economy during good times, which means the development of enterprise. "If the state budget increases nearly 15% a year, it is tempting to distribute the surplus through different expenditures. If the people in Estonia can keep the additional amounts generated by economic growth, its use will certainly be more efficient than the decisions made by the state. After all, what we are ...