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.
Bulgaria is represented with its own stand at the 4th China-CEEC Expo & International Consumer Goods Fair, which is being held from May 22 to 25. "The interest of Chinese consumers in Bulgarian products is undeniable. Yogurt,..
The Council of Ministers has adopted a decision to relieve Ms. Elka Rouskov from her duties as Honorary Consular Officer of Bulgaria with headquarters in the city of Seattle and with a consular district covering the territory of the..
The majority of the so-called "locals" (participants in youth gangs that have sprung up in the country in recent years) have already been identified and work is being done with their parents, Minister of Interior Daniel Mitov said...
55% of Bulgarians do not feel informed about the introduction of the euro in Bulgaria, while 41% express the opposite opinion, according to a..
Strengthening bilateral economic cooperation between Bulgaria and Italy, participation in joint defense projects and achieving peace in Ukraine were the..
Friday will be mostly sunny. Cumulus clouds will form in the afternoon and in many places there will be short-term, temporarily intense..
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