Taxation in the information age

Commerce has moved on-line due the pandemic, accelerating a change in business practice, undermining most physical retail and wholesale models. Sales can now be made from anywhere in the world, so businesses will migrate to locations where corporate taxation is lowest. This will lower taxation revenue with consequential reduction in the services that government can provide to the population. Either new taxes will be required, personal taxes will need to increase or people will have to will choose which universal services the government should provide.

 

 

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