IME November Events
November was a busy month for IME. We organized two major events that in our point of view are both important and interesting.
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Should the Students Freeze?
No matter how different is the current year from the previous one, there is always one similarity: in the Bulgarian education someone somewhere is constantly freezing in winter time.
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The Old New Beginning in the Postal Services, to be Continued
Through the last couple of year we have been witnessing the pointless delay of the complete liberalization of the postal services in the country by the government.
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Waste Tax
This week, the parliament approved some amendments, which will affect the tax assessment on real estate property, and therefore will increase the property tax, the waste fee and the real estate transfer tax in 2007.
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29th of May – The Tax Freedom Day
According to calculations made by the Institute for Market Economics, 29th of May is the day of freedom from government involvement for 2007. On this date the citizens stop working for the government and start working for themselves.
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Let us welcome tax competition!
Today, the level of taxes in the most European countries is probably higher than it has never been in the history of those societies. Simultaneously, partly as a consequence of globalization and democratization, tax competition is becoming more intense. This relatively recent evolution has led to various reactions. In particular, inside the European Unions, some (like the OECD) have warned us against the dangers of such competition, and Bulgaria, who just cut its corporate tax down to 10% (the lowest rate in Europe), surely knows what I am talking about! But, as I will show, such worries are unfounded, and we should welcome and whole heartedly embrace competition in all fields, including taxation.
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Balance of Payment for the First 9 Months of 2006
The Bulgarian National Bank published recently the preliminary data for the balance of payment for the first 3 quarters of 2006. Both, the current account deficit and the financial account surplus are growing. The aggregate account for the first 9 months is positive and arrives at 1 285.8 million leva.
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