Recent Italian general election has triggered fears not only at a European level, but worldwide.
The flat tax countries are under a growing pressure to revert their flat tax reforms and necessary fiscal consolidation is used as an excuse for such requests.
Spain has definitely become a time bomb. The official GDP is predicted to decline 2% in each of the two following years pushing unemployment probably over 28% and public debt from 88% to 110% of GDP.
On October 4-5, 2012 The 1st Global Flat Tax Forum was organised in Bratislava by The F. A. Hayek Foundation and The Slovak Taxpayers Association in co-operation