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Would a global 10% income tax (global flat rate) help world wide economy to recover?

by Open-Publishing - Monday 2 March 2009
1 comment

Economy-budget International

Would a global 10% income tax (global flat rate) help world wide economy to recover?

There exists 51 offshore financial centres with almost 0% income tax on planet earth:

Andorra, Anguilla, Antigua and Barbuda, Aruba*, Bahamas, Bahrain, Barbados, Belize, Bermuda, British Virgin Islands*, Cayman-Islands, Jersey and Guernsey, Cook Islands, Dominica, Dubai, Gibraltar, Grenada, Hongkong**, Ireland**, Isle of Man, Jordan**, Libanon**, Liberia, Liechtenstein, Luxemburg**, Macao**, Maledives, Malta, Marshall Islands, Mauritius*, Monaco, Montserrat, Nauru*, Netherlands Antille, Niue*, Panama, Samoa*, Seychelles*, St. Kitts and Nevis, Saint Lucia, St. Vincent and die Grenadines, Singapur**, Switzerland**, Tonga*, Turks- und Caicos Islands, Vanuatu, Cyprus

* - only on the list of OECD
** - only on the list of Diamond and Diamond

The global 10% Income tax would help to bring back hidden money from corporate havens and offshore financial centres to invest it again into global economy-, trade- and financial system where it would create jobs, well fare and prosperity.

Each person or company would pay its 10% income tax in their country of birth. Just a beautiful thought or reality soon? Lets join forces and work together for a better world :)

What is your opinion about? Would you help to promote this idea?

Forum posts

  • If the same people hold the money as hold it now (banks) I would say you’re just setting yourself up for more non accountability and scamming. Certain individuals who remain unnamed withdrew 550 billion dollars in a matter of 2 hours back on Sept 11, 2008. This was a deliberate move designed to collapse the world economy. It’s working so far but it was no accident.

    Enough of this global stuff. Countries are still sovereign. They should each levy their own 10% tithe on their citizenry (if the people approve) in their own currency. There’s really no reason countries who are doing badly should support other countries that are stable and vice-versa.

    There’s also no reason everyone should pay additionally if they’re already in dire straits. Some unemployed with little or no income should pay 10% of that? To Whom? Some GLOBAL institution? I think not. To many details are left out of this idea. "Global" is a blanket idea, but the world is not a blanket.