While individual Americans struggle every year with tax compliance, large companies spend billions on tax avoidance.
Don't be shocked if tax avoidance starts reaching Russian levels.
In response, the British government launched a crackdown on tax avoidance, raking in £2 billion (roughly $3.3 billion).
But this is an Italy that has grown significantly more hostile to tax avoidance.
Tax evasion is illegal; tax avoidance is legal but distorts economic incentives.
Why not get rid of the tax, and the tax avoidance, by radically simplifying the tax code?