economy Archive
Latest Posts
EC criticizes for achieving excellent results in the economy
on: by Dominic
The European Commission (EC) has just acknowledged that achieving the most desirable state in international trade relations, ie. High surplus in foreign trade (exports exceed imports), it is not a good thing. The Commission sent a special criticism in the direction
Romania reduced rates of VAT and other taxes
on: by Dominic
It is worth to notice that Romania – despite the opposition of the International Monetary Fund and the European Commission – decided to take a chance and significantly reduced the rate of VAT and other taxes for small businesses. The effects
Is a progressive tax more fair than a flat tax?
on: by Dominic
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