Prof. Steve Hanke: Bulgaria Has a Low Flat Tax and That's Great

Business » FINANCE | February 12, 2019, Tuesday // 12:01
Bulgaria: Prof. Steve Hanke: Bulgaria Has a Low Flat Tax and That's Great twitter

Bulgaria has made very limited progress on reforms in the economy and this has led to weak investor interest in your country. Such an opinion expressed to Darik news the American economist, Prof. Steve Hanke.

''State administration reforms are needed, as well as the removal of some rules for regulation'', Professor Steve Hanke said.
 
"Bulgaria has a low flat tax and that's great, it's one of your good advantages as a country, and if you look at the World Bank's analysis, you'll see that the bank's experts are finding a tax problem, the flat tax is just one tax, but if you want to register a medium-sized business in Bulgaria, it takes 453 hours a year, in Central Asia and elsewhere in Europe, registration takes about 250 hours, saving time. The bureaucratic administration system for taxes in Bulgaria is a nightmare. It makes you unattractive country, ", Hanke added.
 
The American economist is convinced that the expected recession in the Eurozone will have a negative impact on the Bulgarian economy.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: Steve Hanke, economy, Bulgaria, taxes, flat tax rate

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria