Yes to this: "corporation tax, as it is structured today, is unfit for purpose in a globalised economy". Where Apple sold its computers is well-defined, you ca

Yes to this: "corporation tax, as it is structured today, is unfit for purpose in a globalised economy". Where Apple sold its computers is well-defined, you can count each one and tax it. Where their employees work is also well-defined, they have desks, and beds. Where they made their profits simply isn't well-defined. How much was due to the software (California), the marketing (let's say London), the assembly (China), the logistics (in between)? These question don't have sharp answers. Sure, Apple's accounting guys write down some numbers. But once you attempt to tax them, you discover that they have great freedom in what column they write those numbers in. I increasingly think the correct corporate profit tax rate is zero. Tax the goods they sell. Tax the salaries they pay. Tax the capital gains when shareholders sell, if you must. These things all involve actual people and take place in particular countries. The rest is an abstraction.