Attention class!
Welcome for this free tutorial that you didn't even sign up for,
But Listen;
Grab a notepad and pen and listen
Because I hope that by the time I am done teaching you a thing or ten
If you share the notes you will have written with your respective governments,
We will be making a tax convention at the next general assembly of the UN.
Here are ten reasons why we need a UN Tax Convention.
Number 1: TO MERGE ALL THE DIFFERENT TAX TREATIES AND RULES INTO ONE
So that we have one unifying document on tax for uniformity
That cuts across every continent, region and state.
Number 2: TO CURB CROSS-BORDER TAX EVASION
See, some of these multinational entities
Have mastered the art of exploiting the disparities
In the different tax systems of different nations to reduce their tax liabilities
So they keep profiting off countries that are losing taxes
And I doubt any country is happy being a gift that keeps on giving without ever receiving its dues.
Number 3: TO COMBAT INCOMPATIBILITY
There are countries whose tax regimes are as easy as doing class assignments with ChatGPT
While there are others whose tax systems are as difficult as writing an interesting poem on why we need a UN Tax Convention,
Not to mention that some nations tax rules are as opposite
As the Republican and Democrats in US politics.
This discourages foreign investment and international trade, affecting economic development
And hinders international cooperation on tax matters due to incompatibility disagreements.
Number 4: TO ELIMINATE DOUBLE TAXATION OF MULTINATIONALS
Because of the conflict in countries' tax systems
Individuals and businesses end up being taxed twice on the same income or profits.
Now if you have ever had tax deducted from your salary
You can agree with me that the only thing worse than paying taxes
is paying them more than once!
Number 5: TO FACILITATE EXCHANGE OF TAX INFORMATION
This too can only happen with increased international cooperation
That would be birthed by a UN Tax Convention.
Number 6: TO PROMOTE INCLUSIVITY
Ever heard of the OECD?
If you haven't, the Organization for Economic Cooperation is an entity that has been primarily making the global tax rules. However, critics have often expressed concerns over limited representation of less wealthy countries
within this organization.
The United Nations on the other hand is like a religious denomination;.
It welcomes all and discourages discrimination
So a UN Tax Convention would be a better option
For fairer global participation.
Number 7: TO REDUCE COMPLEXITY.
It is no secret that the current global tax rules have many governments (and law students) struggling
with coherence because they are so complex!
That's why we honestly need a better legal infrastructure that favors simplicity
Because such universally important laws shouldn't be
Even harder than advanced trigonometry.
Number 8: TO STOP UNFAIR COMPETITION
Some countries can afford to charge little or no taxes to attract investment
Leaving less wealthy countries struggling to reduce their taxes to compete favorably
Yet they desperately need every penny.
Number 9: TO CREATE AN INCLUSIVE HUMAN RIGHTS BASED TAX BODY.
And I even have a suggestion for its name already;
The Alyce International Tax Organization.
Yes, the UN probably won't buy it,
But what's more important is that we create a tax body
Based on inclusivity and promotion of human rights for all global citizens
Through just international tax rules and systems.
Number 10: IF YOUR GOVERNMENT STILL ISN'T CONVINCED ABOUT THE IMPORTANCE OF A UN TAX
CONVENTION ENACTMENT, REPEAT THE PRESENTATION OF THESE REASONS IN YOUR MOTHER
LANGUAGE.
