Sharing Our Rule Book:
Issues Needing a Global
Most human affairs need no regulation, or need regulation only within nation-states. But for some areas, global regulation is needed to avoid leakages or free riders. These are areas where it's in the world's interest to have some rules, but where the rules will work only if all nation-states adopt them in common. Why? Because if only some countries adopt the rules, the activities they try to regulate will escape to noncomplying, free-rider countries. Worse, some countries could even make a business of noncompliance, causing leaks in the overall effort.
This third category of issues is much harder to write up and summarize in vivid terms, for two reasons: what you're trying to regulate is what's trying to hide or what hasn't really surfaced yet; and the regulation issues are often very complex. So for most, I'll give just a glimpse.
for the Twenty-First Century
It is hard to see how the world will get by without a major global rethinking of taxation—and sooner rather than later. There are four main reasons for this.