{"id":1748,"date":"2011-07-10T13:59:29","date_gmt":"2011-07-10T18:59:29","guid":{"rendered":"http:\/\/www.phyrfight.com\/weblog\/?p=1748"},"modified":"2011-07-09T14:03:16","modified_gmt":"2011-07-09T19:03:16","slug":"if-bulgaria-can-do-it-why-cant-we","status":"publish","type":"post","link":"https:\/\/www.phyrfight.com\/weblog\/?p=1748","title":{"rendered":"If Bulgaria can do it, why can&#8217;t we?"},"content":{"rendered":"<p>by Simon Black<\/p>\n<blockquote><p>&#8220;Bulgaria, from where I write this letter, is an interesting case. As the poorest member of the EU, there is a lot of opportunity at face value. Labor is dirt cheap. Property is dirt cheap. Living costs are a joke. English is widely spoken and is, in fact, more prevalent than Russian in the capital city.<\/p>\n<p>Now, this is not a part of the world where tax compliance is particularly strong. The immediate post-Soviet years turned the entire region into a veritable Deadwood, and devoid of any functioning tax authority, people got used to dealing in all cash and keeping 100% of their earnings.<\/p>\n<p>Several governments, including Russia, Ukraine, and Bulgaria, have tried to make compliance easy by slashing tax rates. At just a 10% flat rate for corporate, individual, and capital gains, and just 5% on dividends, taxes in Bulgaria are now so low that some people might actually pay.&#8221;<\/p><\/blockquote>\n<p><a href=\"http:\/\/www.sovereignman.com\/expat\/where-taxes-are-so-low-some-people-might-actually-pay\" target=\"_blank\">http:\/\/www.sovereignman.com\/expat\/where-taxes-are-so-low-some-people-might-actually-pay<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Simon Black &#8220;Bulgaria, from where I write this letter, is an interesting case. As the poorest member of the EU, there is a lot of opportunity at face value. Labor is dirt cheap. Property is dirt cheap. Living costs are a joke. English is widely spoken and is, in fact, more prevalent than Russian [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1748"}],"collection":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1748"}],"version-history":[{"count":4,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1748\/revisions"}],"predecessor-version":[{"id":1752,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=\/wp\/v2\/posts\/1748\/revisions\/1752"}],"wp:attachment":[{"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.phyrfight.com\/weblog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}