May 7, 2004

Oooops, now Peru's getting ahead of us, too..

Interesting article on a successful tax reform in Peru:

...The first phase of the reform focused on simplification, with 50 different taxes reduced to four. Employees were taxed at a flat rate, deducted by their employer, and banks were enlisted to help with collections....
These things spread. Peru is next door to Chile. They can see this kind of stuff working. They can watch lower tax rates and simpler systems leading to economic growth and actually more tax money collected...(Same mix is cooking in Iraq. Call it the Bremer Revolution. It's no wonder Democrats and Ba'athists and Al Qaeda all agree that what's happening there is a catastrophe.)

Posted by John Weidner at May 7, 2004 8:22 AM
Weblog by John Weidner