Corporate Tax -A New Paradigm is Needed! -II. A New Global Value-Added Tax is Needed Instead of a Corporate Tax

Key Points

• A global value-added tax may reduce complexities of the current corporate tax system, fostering economic growth.
• Adopting this new paradigm could enhance tax efficiency and equity in international trade among countries.
• Observational analysis reveals that transitioning to a global value-added tax could simplify compliance for businesses.
• This shift may enable countries to better respond to the challenges of global economic integration.