Johnny Munkhammar skrev på denna blogg från 2004 till sin död 2012. Bloggen är upprätthållen som ett minne och som referens till Johnnys arbete av Johnny Munkhammars minnesfond.

This blog was operated by Johnny Munkhammar from 2004 until 2012 when he passed away. This blog is now in a memorialized state and operated by the Johnny Munkhammar fund.
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Thursday 30/03/2023, 16:29:51

19/01/2005 11:28:47 am
Lower Tax Rate - Higher Revenue. The famous Laffer Curve shows that tax levels will get to a point when revenues actually start to fall. Mainly, this is due to the fact that (formal) economic activity decreases when taxes get too heavy. Here is a new piece of evidence: In 1990, corporate tax in Iceland was 48 % and the revenues were 0,97 % of GDP. Now, the corporate tax-rate is just 18 % and the revenue has risen to 1,25 % of GDP. There are more companies and more economic activity to tax - so vastly lower taxes bring in more money.

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