IMF Research: Did Russia's flat tax boost revenues

IMF Research: Did Russia's flat tax boost revenues

In 2001, Russia's Government reduced the personal income tax to a single rate of 13 percent. Since then, tax revenues have soared, leading flat tax advocates to cite the Russian experience as evidence that tax revenue can be raised by cutting tax rates. For the latest research by the IMF on the results of the flat Russian tax rate see:http://www.imf.org/external/pubs/ft/survey/2005/022105.pdf