Associated Communities:

https://www.weforum.org/agenda/2024/02/oecd-minimum-tax-rate/#:~:text=More%20than%20140%20countries%20have%20committed%20to%20implement%20a%20new,of%2015%25%20on%20corporate%20profits.

Surprised to see that there isn’t much discussion on this. Many countries have pledged to this agreement and it looks like there’s minimal pushback. That 15% minimum corporate tax is only destined to get higher.

I’m not too familiar with how corporate finance works so maybe this measure is actually toothless in practice given existing loopholes. But what do you think of it?

Obviously never going to go anywhere or something like that, but I found it a fun thought exercise. I mainly based it on the U.S constitution, let me know what you think, what you would like see added, altered or excluded.

1. This constitution outlining the rights and laws of the people and the state shall be written in stone, it shall not be expanded, abridged nor altered for any reason under any circumstance.
2. The state shall not prohibit the free exercise of religion (as long as it does not break any laws); or abridging the freedom of speech (which includes all forms of speech including hate speech), or of the press, or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
3. A well regulated Militia, being necessary to the security of a free State, the right of the people, be that foreign or domestic in the land, to keep and bear Arms, shall not be infringed. (This includes all forms of armaments, and shall not be abridged by barrel length, rate of fire or any other factor.)
4. All drugs, be those natural or synthetic, shall be allowed to be grown, manufactured, stored, traded and consumed by the people of the land, this includes foreigners of the land as well.
5. Any individual or collective of individuals shall be allowed to secede from the state and society. They shall have the property right for legitimately purchased or precured land. This secession allows them not to pay any taxes but does not allow them to break the laws of the land even on their own property, though they create new laws on their private property but they are not covered by the public court system.
6. No Soldier shall, in time of peace be quartered in any house, without the consent of the Owner, nor in time of war.
7. The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
8. No person shall be subject for the same offense to be twice put in jeopardy of life or limb, nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law.
9. In all criminal prosecutions, the accused shall enjoy the right to a speedy and public trial, and to be informed of the nature and cause of the accusation; to be confronted with the witnesses against him; to have compulsory process for obtaining witnesses in his favour, and to have the assistance of counsel for his defence.
10. Excessive bail shall not be required, nor excessive fines imposed, nor cruel and unusual punishments inflicted.
11. Neither slavery nor involuntary servitude, except as a punishment for crime whereof the party shall have been duly convicted, shall exist within the United States, or any place subject to their jurisdiction.
12. Children are under the guardianship of their guardians, this entails that they must provide them with food or allow them to procure their own food, and shall not be allowed to torture or kill them or fair legal action can be taken, up to and including the removal of the child.
13. Animals are under the guardianship of their guardians, this entails that they must provide them with food, or allow them to procure their own food, and guardians shall not be allowed to torture them. Culling and slaughter is allowed but should be done as humanly as possible or fair legal action can be taken, up to and including the removal of the animal.
14. There shall be two court systems, one public and one private, and they shall both agree on the sentencing for it to proceed. The public court system shall be enforced by the police but not the military. The private court system shall be enforced by militias, private military contractors and armed civilians. If the two court systems can not agree on a sentencing, it shall fall upon a reputable, unbiased private third party to arbitrate. The two court systems shall agree upon an arbiter. If the two courts are unable to agree upon an arbiter, then citizens shall have the right to appoint an arbitrator, enforced by the arms of the citizen.
15. Any citizen has the right to citizen arrest of both other civilians and of government agents in the case where laws are being broken and urgent action is needed. Citizens have the right to self-defence of themselves and others against other civilians infringing on their rights, this right includes self-defence from state agents who are acting outside of their legally allowed authority.
16. The military of the state shall primarily be used for the protection of the nation, expansion of the nation through military invasion or for the protection of allies shall first and foremost be up to a popular vote and must be passed by law of the correct authorities.
17. Ignorance of the law does not preclude you from criminal persecution, as state agents shall have a better knowledge of the laws they are held to a higher standard than civilians, which includes harsher punishments.
18. Companies and business owners shall have the right to discriminate against people from employment and trading based on race, gender, sexuality or based on religious views.
19. The people shall have the right to form unions but shall not have any extra legal protections, rights or subsidies.
20. Borders of the country shall remain open for both travel and trade.
21. Taxation is theft and shall be minimized, there shall be no property tax, sales tax, capital or unrealized gains tax nor income tax. The only tax allowed shall be tariffs, this tax code shall not be abridged nor expanded for any reason. All other contributions to for example welfare and healthcare shall be made on a voluntary basis.
22. Children shall be allowed to take on employment and earn their own money, but shall not be forced by their guardians to do so against the will of the child.
23. The state does not have the right to eminent domain, all acquisition of property shall be made on a voluntary basis.
24. The state currency shall be backed by gold. Individuals or companies are free to create and use their own competing currencies.
25. Rape, theft, fraud, property destruction, assault (sexual or other) and murder shall be illegal.
26. State misconduct or corruption can be investigated internally, but sentencing shall be done by the private courts to prevent misuse of power.
27. Private police, military and security shall be allowed, and people or business owners should have the right to expand upon laws on their property, but not abridge any laws of the country.
28. Insider trading shall be illegal.
29. Only citizens shall have the right to vote.
30. The country shall have a leader, this leader has the right to command the military, but only within the bounds of the law. This leader shall also be responsible for public relations with both foreign and domestic entities.
31. Voting shall be done in person or online via blockchain, ID verification is needed to vote. Citizens shall submit three ballots, one shall be counted by a public institution, the other shall be counted by a private institution and the third shall be open to the public citizens to verify.
32. Food or drug regulations shall be done by the free market, but a public institution that researches the food or drug for safety shall be allowed, it shall be counterbalanced by the research of an unbiased private institution, both shall make their findings public.
33. Whistleblowing or leaking of confidential information shall not be allowed and shall be considered treason, except in the case where the state has acted outside the bounds of the law.