I would say for somebody who wants to
keep score at home on how the country
and the world is doing at taxing income
I would focus on the taxation of
cross-border transactions. To me that is
an area that's fascinating because the
rules that we have in place now are a
hundred years old. They date back to ... they date
back (and I'm not making this up), they
date back to the League of Nations.
And the rules that we rely on to tax
enormous cross-border multinational
transnational companies were designed in
a world where they didn't exist and if
we ever figure out how to tax these
multinationals I think everybody at home
will notice and it will be a very good
thing.
