Let's talk about the global tax regime

This year, some countries will take the first step towards aligning their tax policies. Notably, the US is not one of those countries (though we are still making some changes).

Depending on who you ask, the level of US public debt has been a concern for a while. But it has really taken on a new level of discourse recently as the fiscal stimulus from the pandemic coupled with high interest rates from inflation.

There are a few ways to address this (spend less), but one way is for the government to increase its revenue. And wher…