Tax Royalty
The nation-state regime enables tax royals who manipulate the system. Inconsistent laws across tax jurisdictions, defined by nation-state borders, facilitate an entire industry of hiding wealth for large companies and the privileged. Advanced tax strategies that funnel tax obligations into nation-states with lower tax rates are accessible to those who can afford sophisticated tax experts. This practice results in nearly a trillion dollars in lost government revenue annually. Additionally, this results in regressive tax effects, where lower income earners pay a larger percentage of their income than the wealthy. Let us tear down the False Walls, eliminate tax inequality, and put an end to Tax Royalty.
Sources:
Tackling Tax Havens | https://www.imf.org/external/pubs/ft/fandd/2019/09/tackling-global-tax-havens-shaxon.htm
Institute on Taxation and Economic Policy| https://itep.org/whopays/