#taxsystems — Public Fediverse posts

@lawrence @JayatiGhosh
"Most of the world's #taxsystems are outdated & regressive .. unable to deliver the necessary revenues or ensure that the rich pay their fair share .. our laws fail to recognise the myriad ways corporations & wealthy individuals can evade taxes & .. shift profits & assets to low-tax jurisdictions [🇸🇬]. Iso addressing these legal loopholes, governments rely far too heavily on indirect taxation, such as VAT, which falls disproportionately on the poor"
https://www.bangkokpost.com/opinion/opinion/2485092/time-to-make-the-wealthy-pay-for-development