Absolute frustration. I write this as I watch yet another Q & A panel believe there are ways to close tax havens or to make companies and individuals pay their ‘fair share’ of income tax.
Someone suggests we have to understand the legal differences between avoidance and evasion.
Why don’t we derive revenues from the value of unearned incomes from our natural resources. Land and spectrum can’t flee the country, and it’s impossible to avoid revenues based upon their value.
Every study of revenue bases show land and resource-based revenues are the fairest and cannot be passed on in prices because they are in the nature of rents. This cannot be said about taxes on earned incomes.
The blindingly obvious remain invisible to apparently intelligent minds.