In 1994, Estonia became the first European country to adopt a flat tax, and its 26 percent flat tax dramatically energized what had been a faltering economy. Before adopting the flat tax, the Estonian economy was literally shrinking. In the eight years after 1994, Estonia experienced real economic growth - averaging 5.2 percent per year.

Arthur Laffer

Arthur Laffer

Adopt Adopting After Became Been Before Country Dramatically Economic Economic Growth Economy Eight Estonia European Experienced First Flat Flat Tax Growth Had Literally Per Percent Real Shrinking Tax Year Years

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