I looked at an article directly from the OECD. The International tax reform according to the article will have a better-than-expected impact on tax revenues globally. It is estimated that if the tax reform is passed the global impact will be a gain of approximately $220 billion for low and middle-income countries. The International Tax Reform is an attempt to spread wealth to less affluent economies in the developing world. This is basically what has been taking place in the United States in years past. We have seen a shift in the economic tiers of lower middle and high income families.

Wallersteins World System Theory is a premise that there are 4 economic power categories defined in the global market:

• Core countries are wealthy, militarily strong, and hold significant social power and colonial power.
• Peripheral countries are poor, have exploitable resources, and do not possess great social stability or government.
• Semi-peripheral countries have some of the characteristics of core and peripheral countries.
• External areas are countries or regions that fall outside of the scope of world systems theory.

The reason I mention the World System Theory is that the International tax revenue reform I believe may have a negative impact on Wallerstien's World System Theory. The reason for feeling such is that a uniform taxation system will empower countries to produce more goods that would have the same impact that we are seeing now. More goods in the system reduce the need for the goods which lowers the cost and lowers the profitability. I am a firm believer that countries are being used both economically and socially, but we should not look at changing the entire economic system without realizing the total impact globally.

The basis I feel for a global economy is for the wealthy companies to have the flexibility of standard tax rates wherever they want.