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The complexity of building a global tax engine and expatriate payroll functionality is high, and Polaris is best in class".
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If GE's industrial side (maker of jet engines, light bulbs, turbines and such) were a standalone entity, its global tax rate would be 16.8%.
Who would be the global tax collector?
Corporations are cheating the global tax system.
"This is the first step in a global tax database.
Imagine the influence – over global tax wheezes – Amazon can exert.
Subjects were asked either to design a single, global tax system or to vary one component of a tax system (payroll or income tax) with the other component held constant.
They'll use global warming to create a an outrageous global tax.
But they are the way the global tax regime works".
Companies are not expected to eradicate global tax evasion.
Related: Do we need a global tax on wealth?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com