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How in the world is individual taxation a "global problem"? The only interpretation I can make of that is that we should have to pay for a world government, wit

• PeterisP 9y ago
  Most of the taxable income (unlike most of taxable people and organizations) is international, mobile and very flexible, so effective taxation already relies heavily on international agreements and cooperation. If you'd leave Bill Gates taxation to whatever municipality he lives in, the expected result would be that the richest person in the world would pay practically no taxes; you need to tax (and thus cooperatively track) worldwide revenue of people and corporations. Tax spending can and should be handled as locally as possible, but tax collection would be best done globally, cooperatively eliminating loopholes (like forcing tax shelter jurisdictions to change their ways) and establishing common rules to avoid a "bidding war to the bottom", like the current EU initiative to harmonize corporate income tax.
  • wyager 9y ago
    A "bidding war" is an extremely good thing. I want governments to compete to offer me the lowest possible tax rates. What you're describing is a monopoly, which would be very bad for the "customers" (everyone except governments).