Re:Spanish authorities raid Google offices over tax
by mjevans on Thursday June 30, 2016 @01:05PM
(#12009979)
I think you're on the correct track, but a concept that I saw and loved from one of the many earlier tax related discussions offers a more clear solution.
Tax ownership of assets.
It's rather difficult to hide that /someone/ owns a phone, a car, a house, some land. Tax the ownership of value, not it's transfer.
Globally you would see the impact of sales increase taxes most where the profit actually accumulates; assuming that those types of values are taxed properly. In practice I would imagine that this would be increasing taxes on ownership of 'financial instruments'.
Tax ownership of assets.
It's rather difficult to hide that /someone/ owns a phone, a car, a house, some land. Tax the ownership of value, not it's transfer.
Globally you would see the impact of sales increase taxes most where the profit actually accumulates; assuming that those types of values are taxed properly. In practice I would imagine that this would be increasing taxes on ownership of 'financial instruments'.