Ten arguments against abolishing the profit tax

  • 1999-11-25
  • By Ernst van Koesveld
Various newspapers have reported on Estonia's intention to abolish the profit tax. Estonia's government itself, however, denies that this is really the case. According to the proposed new law, profit will remain taxed if it is distributed to shareholders. The same holds for transactions that can be considered as concealed distributions, such as fringe benefits and gifts. It has nevertheless freshened up Lithuania's plan to lower and subsequently abolish the profit tax. As a contribution to the discussion, I would like to discuss 10 arguments against the abolishment of the profit tax.First, ...
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