This book showed me how screw up we are with the tax system, because it doesn’t apply to all. It is overcomplicated, and it you make a mistake, you pay dearly.
I think it is quite radical but at the beginning, the book gives a very radical example of a the tax system as a way to slow down inflation…. because governments have the printing money machine.
One important question is how you define a “company”. It has all the features as a person, it can buy/sell things, sue/be sued, but it is controlled but different people that are putting the money.
At the end, the author suggest to only tax people, remove all other taxes, you only pay if you get wealthier… but still dont fully understand how that could stop “rich”and companies not paying taxes. At the end of the day, all main governments are keeping all the tax heaven places so we are not going anywhere. Is blockchain a solution?
Different ways to pay less taxes is to borrow on your wealth and set up a trust… high level looks fine but can this be done by a “normal” person?