There is no single change that could be made to tax policy that'd fix this. Instead, we have to find ways to empower the government and make them willing to take what's ours - ours in the sense that the people deserve that their representatives take hold of what belongs to the people. Individual changes to policy will force the artistic accountants to devise new workarounds.

> simply enforce a global flat tax

Enforced by whom?

Why would a developing country want to tax companies at the same level if they're trying to attract investments? Anyway, why should any country listen to any other country on what the tax rate should be?

Why should a company be forced to pay tax on foreign income if the country in which they supposedly made that income doesn't want to them to pay taxes?

The worst part is that this comment starts with "simply enforce"

> Why would a developing country want to tax companies at the same level

The point of removing corporate tax is to not tax companies at all. Remove the decision of how to position your country against others altogether.

You could enforce these things by creating a free-trade area for anybody who joins, and excluding or putting stiff tariffs on those who don't.

> You could enforce these things by creating a free-trade area for anybody who joins, and excluding those who don't.

Then you need those free trade agreements. Remember the last time when it was only between EU and US? Protests in many European countries and in the end Trump decided to break it off.

>dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income

No thanks, you have no right to tell us (Switzerland) how much taxes we have to pay. First fix your own US-tax-system.

EDIT: I think he meant that:

https://www.theguardian.com/politics/2021/apr/11/bidens-plan...

Agreed, trying to get the whole world to agree on a single tax rate (0 or otherwise) is unrealistic, and completely ignores the sovereignty of countries to design their tax system as they please. What needs to happen is a modernized way to calculate which percentage of global profits from each company are taxable in which country, and then leave it up to each country how to tax that (or not). The current system lets companies cook the books in a way where they can effectively relocate their profits to any country they want.

Absolutely that would be a fair a good thing.

I think the author of your quote meant global as in "one form for all USA taxes related to income", not as in "international".

> Better yet, dump corporate tax altogether and simply enforce a global flat tax on all forms of personal income, both capital gains and salary.

Fraudsters skirted that by keeping their corporation's assets on the books and expensing everything, never actually receiving/spending anything themselves.

People are already incentivized to do that in the current system. How does removing corporate tax make that any different?

By removing the audit of the corporations.

No need to cook the books if the government already gave you everything that you'd otherwise have to lie to obtain!

Small sibgle owner companies do that a lot. Big multinationals? No

Because they don't have to. They would go back to that in a heartbeat if they had to. It's about maximizing shareholder's revenues, post-tax.

There would be no way to do that with a giant public company.

Instead of distributing profits to shareholders, is Microsoft going to buy 1,000,000 BMWs for their investors and hold them on their books as company cars to dodge taxes? Not practical.