| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...
More »3 measures to stimulate the economy in response to the pandemic
After the purely health measures aimed at protecting the health of Bulgarian citizens in the current Covid-19 pandemic, the next package of measures that it will have to take are purely financial. The pandemic is causing huge economic damage, with Europe being the most affected, given the massive spread of the virus in some of the most fragile …
More »Three fiscal ideas for Budget 2020
With the arrival of autumn comes the budget season in the country. The draft budget for the next year (or at least its final touches) is always prepared in October and published towards the end of the month, and every time we from EKIP evaluate it...with great disappointment. This time we decided to take matters into our own hands and …
More »How to do tax reforms? A universal recipe for developing countries
Author: Yaroslav Romanchuk, economist and politician from Belarus, president of the Scientific Research Mises Center. (The text is Romanchuk's recommendation for tax reform in Ukraine) The world is rapidly developing in the direction of breakthrough technologies of the IV industrial revolution. Since the end of 2010, communication between people has been fundamentally different from before …
More »Why should we NOT raise dividend tax?
Last week, the Confederation of Bulgarian Trade Unions (CITUB) announced a proposal for restructuring the tax system in Bulgaria, which includes 9 measures for “fairer” taxation. Of course, coming from their side, “fairness” means an increase in the tax burden. The unions are proposing a number of reforms to the system, most of which are the introduction of new and increases in old taxes – …
More »EKIP in the media about corporate tax, Budget 2019 and urban planning of Sofia
October was another month in which the TEAM actively participated in the public debate in Bulgaria. Our experts were sought after by the media on a variety of political and economic topics, and our report calling for the abolition of the corporate tax enjoyed particular interest. In the first week of October, the presentation of …
More »Ep. 33: Why should we abolish corporate tax?
Links: EKIP Tax Reform Proposal For greater convenience, we recommend downloading the podcast audio by clicking the “Download” button in the player above. Don’t forget to like and share on Facebook and write a comment with your opinion and/or criticism about this episode! This way you help us grow …
More »What are the benefits of abolishing corporate tax in Bulgaria?
(This article is a summary of the ECT proposal to abolish corporate tax on retained earnings in Bulgaria and the analysis of the potential effects of such a reform. The full text of the report on the topic can be read here.) In recent years, the debate on corporate tax, its optimal level and the resulting …
More »Bulgaria DOES NOT have the lowest taxes in the European Union
Author: Stefan Stoyanov It is widely believed that Bulgaria has the lowest taxes in the European Union. This perception is formed by comparing the rates, especially of Corporate Tax and Income Tax, with the corresponding rates in countries such as Germany or Denmark. But neither of these countries are representative of the entire European Union, …
More »
EKIP– Expert Club for Economics and Politics A Different Opinion