Why is a global tax overhaul necessary?

The economy has changed dramatically over the past 40 years. Bricks and mortar businesses have given way to a digitalised economy driven by intangibles, such as copyrights and patents, which are extremely mobile and devilishly slippery for the tax expert working within a system designed for traditional tangible goods. Value creation is concentrated within a few companies, the clear winners of globalisation. 

Many of the largest and most successful firms often pay the least corporate income tax. 

The sense of unfairness – for citizens and governments alike – has become untenable. 

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