[ahaferburg]

Since 2019, large corporations the world over have been forced to open up their books to fiscal entities in their respective countries. Every country could tax what these companies earn in their country, and also add some penalty for evaded taxes booked in other countries.

We can do the same with billionaires and their assets.

The tax evasion industry (for corporations as well as for individuals) needs way more regulation and penalties. These firms inflict a net negative cost on society.