Prevalent public opinion is categorically in favour of a progressive taxation system, i.e. lower tax rates for the poor and higher rates for the well-off, indicate the results of a national survey conducted by Market Links. At the moment the taxation system in this country is regressive – people who are poorer pay higher taxes, and people who are richer - lower taxes because the insurable earnings ceiling is 1,300 euro per month with no tax on earnings in excess of this sum. 94.5 percent of respondents say that economic inequality is a problem for Bulgaria. The flat tax system, i.e. a single tax rate for all incomes, has the support of a mere 20 percent of people whereas a progressive tax system is supported by around 50 percent.
Bulgarian Foreign Minister Georg Georgiev opened the first Bulgarian higher education institution outside Bulgaria in Taraclia, Moldova, the Ministry of Foreign Affairs announced. Mr Georgiev is in the city for today's celebrations for 24 May, the Day..
Over the next 24 hours, a Mediterranean cyclone passing through the Aegean Sea will cause unstable weather in Bulgaria. It will be mostly cloudy with heavy, widespread rainfall. Moderate winds will blow from the north-northwest and from the northeast..
May 24 united Bulgarians around the world, who marked the Day of the Holy Brothers Cyril and Methodius, the Bulgarian alphabet, education, culture, and Slavic literature with various events. A rich festive program was organised today at the..
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the..
The retirement age should not be changed – this is the position expressed by Social Minister Borislav Gutsanov talking to the Bulgarian National..
Bulgarian virtual influencer Ahinora made her debut in the European Parliament, greeting MEPs. Ahinora is the first Bulgarian avatar, and now an..
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