I’d apply the same logic to everything. I’d also forbid money transfers to/from tax havens and ownership of property/companies by entities in tax havens or other countries that don’t reveal beneficial owners... There’s a lot of abuse happening, and it mostly involves the same few countries. The rest of us (i.e. employees and small business owners) end up paying so much more.
(By “forbid” I of course mean “tax so heavily it just doesn’t make any economic sense”.)
The amount of law and international agreements that would be overturned by such a change is truly staggering, so I’d still say this is the antithesis of simple.
Further, I’m not sure China’s model, and protectionism in general, is a better strategy. No way to know, but I expect China’s economy would be stronger if it didn’t have these protections.
Like I said, there are a hundred things we can tax; why do we only want to tax the one that’s easy to evade?