The Asian Tigers – at the beginning it was the name of the four East Asian countries – Singapore, South Korea, Taiwan and Hong Kong, which in the years 1960-1995 reached the very rapid GDP growth (a few dozen percent per

Flat tax is a flat rate, so there is no risk of “falling” in a higher tax rate. However, the flat tax means also giving up certain preferences typical for the tax scale, namely: take into account the tax-free amount, deduction