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We can do even smarter than that. 0% worldwide revenue or profit tax (on both corporations and individuals).

Nations, provinces/states, and municipalities and even businesses are free to charge whatever sales tax they want at time of purchase.

The massive amount of wealth preserved, saved and created as a result will allow for an exponentially more efficient economy worldwide; one that isn't handicapped by militaries and monopolymen.

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If you want the rise of mass poverty and political instability, then that is how to do it, as it'd destroy government revenues and destroy the welfare systems that were put in place to temper the threat of violent uprisings and revolutions.

sales tax is really bad, won't that encourage large corporations, as transactions between corporations would be taxed?

With VAT that doesn't happen.

VAT, GST, etc - yes that is what I meant by sales tax. Let entities charge any tax they like at time of purchase; it is there prerogative; it's a completely non-invasive tax that encourages competition (ie- little or no sales tax entities will be favored) and savings (ie- your not punished for simply earning money).

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