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Ruling coalition determined to raise consumption taxes

THIS PUBLICATION HAS 6 COMMENTS
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Hmm, could they solve this using property tax? I believe in Estonia, you only pay tax (and it's a tiny sum) on the land you own, and not on the value of what's on it, like a house. Why not tax the house also, with an exemption for the first X euro in value? Reply to the comment answer
~ameeriklane [03.05.2012, 18:46]
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The problem with property tax is due the privatization a lot more people own property than rent, especially the older ones. There is no way pensioners would be able to afford a property tax. While it works in US to a reasonable degree as people first had to buy their living space, here a lot of the poor who own their property thank to the privatization would be screwed. Meanwhile a consumption tax they can reduce by lessening consumption or even avoid if they stop drinking. Real Estate is a delicate situation still, and added a major tax to it would do serious damage to the market and to the social situation. Reply to the comment answer
~Duuker [04.05.2012, 09:15]
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Hmm .. the learned professor might want to check his facts. Let us recall the timeline here .. Latvia succumbed to coma and then consulted the IMF and others. IMF suggested solutions i.e. increasing consumption taxes while lowering income taxes actually pulled Latvia out of the so called coma .. Reply to the comment answer
~International Citizen [05.05.2012, 00:10]
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I am amazed at how low property taxes are here on a house and 6,200 Square Meters of land= about 11 Euros per year= about 1 Euro per month.In USA it is about 70 Euros=90 USD per month, depending on where you live. Also, car insurance in USA is about 40 USD = 34 Euros per month( even more expensive if you have not had insurance in the last 2 years) and here it is around 4 Euros = around 5 USD per month. However, electricity, water,internet/phone service,bus rides etc,in Estonia, cost similar to USA prices while food is often more expensive in Estonia. Reply to the comment answer
~ameer@ [07.05.2012, 11:18]
Depends on where in the states you live. My electric and water bills were FAR higher in the States. Agree about the food. Clothes are much cheaper in the US too.
~@ [07.05.2012, 14:33]
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First, let them bring down income, social and payroll taxes. Then we can speak about higher consumption taxes, which is already the seventh-highest rate among the EU (43% of total tax revenues vs. 33% EU-average). Reply to the comment answer
~knut albers [21.05.2012, 14:28]
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