Fin – impact of a flat tax on the cost of capital

A number of European countries have adopted a flat tax. These countries (as of 2007) include Estonia with a rate of 24%, Latvia 25%, Russia 13%, Ukraine 13%, Slovakia 19%, and Romania 16%, Georgia 12%, and Serbia 14%. As an aside, Slovakia collected 10% more income tax than expected and the number of new firms registering in Slovakia jumped 12%.

What impact do you think a flat tax has on the cost of capital for firms raising money in the flat-tax countries? Will it have further-reaching ramifications?

Don't use plagiarized sources. Get Your Custom Essay on
Fin – impact of a flat tax on the cost of capital
Just from $13/Page
Order Essay

Has Turkey considered a flat tax? Explain. 

Calculator

Calculate the price of your paper

Total price:$26
Our features

We've got everything to become your favourite writing service

Need a better grade?
We've got you covered.

Order your paper