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ADVERTISEMENT Without international cooperation to directly confront widespread tax avoidance, we’re going to start seeing more of the deleterious and often violent consequences of unsustainable inequality that are already evident. As part of the Biden administration’s broader efforts to rebalance the economy and re-establish the credibility of U.S. leadership on the global stage, they should embrace the opportunity to play a leadership role in moving that cooperation forward. The biggest problem we face is that so much of the unfairness in taxation is perfectly legal. There are many completely legal ways for the rich to avoid paying any taxes. One of the biggest issues is that large multinational companies can propagate a legal fiction that all of their profits are earned in another country and therefore shouldn’t be taxed by the country where they really create value. So they can get away with paying much lower taxes than companies operating within one country, and sometime

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