Today we are talking with international tax lawyer Dino Faronato about the exciting issue of tax and tax havens. How is it that ordinary middle class taxpayers commonly pay a far higher percentage of personal income tax than many of the world's biggest corporations? Why, despite some new restrictions, are tax havens allowed to flourish across the world and holding some 8% of all household wealth, often out of reach of the world's tax authorities. Can we imagine a different world whereby tax matters became truly global in nature? Is it realistic to imagine a system where tax havens no longer existed and all taxable income was actually taxed at a reasonable rate bringing in trillions of additional revenues to tackle some of the world's most intractable social problems? Might we ponder the establishment of a new global social fund that enable every single human being to contribute some small amount into a worldwide fund dedicated to improving slums across the world? These and other issues are addressed in Jointly Venturing Episode 19. Let us know what you think - info@onenessworld.org.
