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Iceland and Taiwan to Slash Corporate Tax Rates

Posted on February 24, 2008

Dan Mitchell at the CATO Institute has a new piece about the latest examples of the trend towards lower tax rates on productive activity around the world. In this case it is Iceland and Taiwan slashing tax rates. You can read the piece by clicking on this link. Iceland, which currently has a 36 percent flat tax on labor income, a 10 percent flat tax on capital income, and a corporate tax rate of just 18 percent, has just announced a reduction in the corporate tax rate from 18 per cent to 15 per cent.Meanwhile, Taiwan (current 25 percent corporate tax rate compared with a 39 percent-plus US rat...

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flat tax , taiwan , tax