Minister of Finance Wolfgang Schauble, of the socialist Federal Republic of Germany, writing in Project Syndicate calls for global taxation:

       Most of the tax-allocation principles that apply today date back to a time when doing business internationally primarily meant transporting goods across a border to a neighboring country, But rules that were devised for this in the 1920s and 1930s are no longer suitable for today’s international integration of economic processes and corporate structures, …

       In the absence of workable rules, states are losing revenue that they urgently need in order to fulfill their responsibilities.  At the same time, the issue of fair taxation is becoming more and more pressing, because the number of taxpayers who make an adequate contribution to financing public goods and services is decreasing.

       The resulting tensions between national fiscal sovereignty and the borderless scope of today’s business activities can be resolved only through international dialogue and uniform global standards, …

       … In today’s world, even large states cannot establish and enforce international frameworks on their own.  Groups of countries still can.

[added 12/20/2022] Thanks to Freedom’s Phoenix for this entry.