>>The one thing we need to clamp down is allowing people to avoid paying for the society that makes wealth possible. Want to own property in the US? Great. Your worldwide income is now taxable.
Imagine I own property in country A and conduct most of my business and own most of my assets in country B. Why should A have a claim to my world wide income and not B? What about a situation when I conduct my business in 20 different countries. Why should country A get the claim for my income?
The way to make it sane is to tax local assets, local consumption and doing business at specific location (IP protection revenue based taxes for example). If you attempt to tax world wide assets you will always get a situation when people choose another country to tax them. You can't claim it's exactly your country that deserves all the tax.
The way to make it sane is to tax local assets, local consumption and doing business at specific location (IP protection revenue based taxes for example). If you attempt to tax world wide assets you will always get a situation when people choose another country to tax them. You can't claim it's exactly your country that deserves all the tax.