Share Tweet Pocket Add to Bookmarks
You're reading: How a progressive tax rate, estate tax can create a middle class in Ukraine

Nation Top/Income Tax Rate
United States-35%
United Kingdom-50%
Austria-50%
Germany-45%
Japan-50%

Ukraine-flat rate 15%

PTR vs FTR: The FTR taxes people at all income levels thus discouraging people from reporting even the smallest amount of income, while PTR encourages people of modest income levels to report because there is little or no taxes due. The PTR gets more people to be tax compliant because more people are taxed less. You then have more people reporting income and they are more likely to report their true income. Improved tax reporting and compliance has a number of advantages well beyond that of the income tax revenues. They include:

Exclusive article

Sign up or subscribe to view more articles.
See All Plans
$5.95
Monthly plan
Get unlimited article access, anytime, anywhere.

Subscribe
$60
Yearly plan
Access all the exclusive content on KyivPost.com and the complete online archive.
Subscribe
Advertisement

Add comment

Sorry, you must be logged in to post a comment.
Attention

Add a picture
Choose file
Add a quote
Attention

Are you sure you want to delete your comment?

Attention

Are you sure you want to delete all user's comments?

Attention

Are you sure you want to unapprove user's comment?

Attention

Are you sure you want to move to spam user's comment?

Attention

Are you sure you want to move to trash user's comment?

Spelling error report

The following text will be sent to our editors: