Flat Tax Update
The Financial Times reports that Angela Merkel, the leader of Germany's Christian Democratic Union, is expected to appoint Paul Kirchhof, a Flat Tax proponent, to her campaign team today. Kirchhof, a former judge, unveiled a blueprint for a 25 per cent Flat Tax in 2003 - a plan that goes much further than the CDU's current reform proposals.
On the other side of the Atlantic, Steve Forbes has published a new book called The Flat Tax Revolution: Using a Postcard to Abolish the IRS. Forbes calls the complex U.S. tax code "the nine million-word monster" that wastes countless hours of American taxpayers' time and money. More information on the book, including a series of interviews with the author, can be found on the Forbes.com website.