The universal new tax system UnTS.
Real-time tax settlement and AI verification can transform the global tax landscape and contributing to improved welfare equality and health, in a just and sustainable society.
The universal new tax system UnTS is a ground-breaking revolutionary simplified new tax system, designed for today’s IT digitization that streamlines a dynamic adaptation to cloud computing with real-time AI tax administration.
The universal new tax system UnTS is designed with a very simplified and user-friendly taxpayer web or mobile applications (app), which frees the taxpayer from tax accounting and tax reporting. All tax settlement takes place automatically online in real time on the tax system’s cloud system. All consumption taxes on goods and services can be changed in real time by the tax authorities, which enables the tax authorities to respond quickly to changing economic and social conditions and ensure that tax policy is always best adapted to society.
The universal new tax system UnTS exchanges interoperable data in real time and is designed to dynamically adapt to the new digital possibilities with AI tax administration, where taxation is settled in real time between taxpayers and the public authorities.
This transformative tax system is designed to achieve a balance between individual rights and societal obligations, with the overall goal of promoting equality, health, well-being in a sustainable society.
The universal new tax system UnTS is designed with 2 tax channels:
- Tax channel 1, collects tax on wages and private income or taxes capital income or grants refunds, which is carried out in real time at the time of transfer to another tax category.
- Tax channel 2 is designed to impose taxes or pay subsidies on goods and services, for private or public consumption, which are carried out in real time at the point of sale (POS).
Tax channel 1 is divided into 3 tax categories, each of which has its own tax and refund rate:
- Tax category 1: Private and salary income.
- Tax category 2: Capital savings and private housing.
- Tax category 3: Business operations and investments.
Tax Channal 1
Tax Channal 2
Tax channel 2 for consumption taxation or subsidies for the purchase of goods and services, which are settled in real time as unique behavioral rates that are aggregated in a data batch for each good or service. Each tax rate or subsidy can be regulated individually in real time within a set policy framework.
Individual adjustable tax rates and subsidies
are aggregates into a data batch.
Different unique tax or subsidy rates imposed on each good or service that is the basis for taxation or subsidy when a good or service is transferred from business to private or public use.
This innovative streamlining of the tax system gives tax authorities flexible options to regulate consumer taxation or subsidies in real time. Consumption taxation or subsidies can be targeted towards a healthier lifestyle, equality and welfare. The results of changed tax rates or subsidies will be continuously analyzed and adjusted in real time.
1. The individual unique tax rates or subsidies are aggregated in a product data batch with a data field containing the sum of taxes and subsidy rates, so that the sum of the unique rates can be settled in real time every time a product or service is sold to private or public consumption.
2. The sales systems automatically add the consumption tax in real time at the point of sale (POS) and transfer the tax to the company’s tax account and the net sales amount to the company’s sales account on the UnTS cloud tax system.
Sales between companies are without consumption tax, but UnTS’ cloud system updates stock, both at the seller and the buyer.
3. The import tax is an independent data field in the product data batch and is used when import or export tax is settled at the customs border. Regulation of customs tariffs can be adjusted in real time according to the decided political framework for import and export taxes or subsidies. For the sake of the companies’ import and export dispositions, a change in customs rates will be announced in a timely manner.
4. Barcode, QR codes or NFC are used to lookup and forward product and service information to other systems, e.g. for customs settlement, payment and invoicing and product information. Scanning the item number as barcode, QR codes or NFC, makes a lookup in the point of sale (POS) item database which is synchronized with the tax tariff database on the UnTS cloud system.
The point of sale POS tax tariff is always current data in real time, while order, invoicing and payment messages are analogous to agreed data.
5. The UnTS tax system has an all-encompassing goods and services register, from which the individual companies form their own product data register, which includes the goods and services they sell and stock.
The comprehensive goods and services register contains all necessary product information, tax rates and subsidies. The sale price is not included unless there is a statutory fixed price. The companies only transfer product data about the goods and services they sell and stock to their own product register in their own data area UnTS cloud system.
Data fields for products or services:
1-Start code: 2-Countries of origin: 3-Product codes HS: customs duty tariff: 4-Producer no.: 5-Product group: 6-Product number: 7-Product name: 8-Service group: 9-Service number: 10-Service name: 11-Import country : 12- import taxes: 13-environmental tax/subsidy 14-health tax/subsidy: 15- recycling tax/subsidy: 16-climate tax/subsidy: 17- durability tax/subsidy: 18- safety tax/subsidy: 19-public subsidies in %: 20-public subsidy area: 21-public subsidy group: 22-information about the product: 23-The price of the product or service without taxes/subsidies: 24-The total price of the product or service with taxes/subsidies.
6, This simplification of the taxation of goods and services is achieved by separating non-taxed funds in business from taxed funds for private or public use, resulting in the complete abolition of value added taxation between business operators. This checking of behaviour-regulatory consumer taxes or subsidies is automatically settled by the point of sale (POS) system when the sale transitions from business to private or public use, which can give big financial saving for both the consumer, the companies and the tax authorities, which will be able to result in lower prices and costs throughout the economy.
7. In case of increasing prices of goods or services that change during the opening hours of the point of sale, there should be an appropriate time delay between the update of the information medium and the price paid in the point of sale (POS) terminal. The time delay must prevent the customer from experiencing one price on the information medium (signs or shelf fronts) and a higher price at the point of sale (POS). Changes in tax rates or subsidies should only be made once a day.
8. Delivered and invoiced goods or services for private or public consumption are taxed at the time of payment, the applicable taxes are transferred in real time to the sales company’s UnTS tax account, at the same time the net price of the product or service is transferred to the company’s UnTS sales account.
Import or export tax and eksport subsidy is settled in real time at the customs border:
9. Import duties, security tax and export support must protect the environment, prosperity and ensure domestic production. Export support can be used for welfare-promoting and environmentally beneficial products. Bilateral agreements, balance of trade, production methods, compliance with human rights, environmental impact and export substitution of the exporting country may have an effect on the level of import tax and security tax.
Import or export taxes or subsidies are settled in real time at the customs border and are calculated according to the applicable tariff, which is embedded in a data field in the current product data batch. The percentage tax or subsidy can relate to individual goods, product groups, producers or by country of origin.
Customs declaration and settlement is done in real time by the customs authorities, by scanning the QR codes on the shipping document, if the shipping documents do not have QR codes, the importer or exporter must fill in the customs documents in the universal new tax system UnTS before the products can be released.
When importing or exporting, an environmental tax may also be charged, which is settled in real time, this may be relevant if goods or services have a harmful impact on society or the environment.
Import or export ban or tax, aims to promote global human rights, equality, welfare and democracy. Import bans or taxes on products produced under conditions that do not meet human rights or produced under other unacceptable conditions will be subject to bans or taxes enforced by border controls.
Consumption tax or subsidies are settled in real time at the point of sale (POS).
The purpose of the environmental tax is to minimize the burden on the country’s and the global environment and at the same time promote environmentally products. Exploitation of natural resources and other environmentally harmful factors in the country of production is subject to environmental tax. Environmental taxes or subsidies can relate to domestic sales of goods and services as well as exports. The tax or subsidy is settled in real time and can relate to individual goods, product groups, manufacturers, sub-suppliers and by country of origin.
The purpose of the health tax is to promote public health. An increased tax on unhealthy foods and the introduction of a sufficiently low price or subsidy on health-promoting foods, which increases public health and reduces health costs, as well as promoting the domestic production of healthy foods. The health tax or subsidy is settled in real time and can be introduced on individual products, product groups, manufacturers, sub-suppliers or by country of origin.
The recycling tax aims to promote recyclability by imposing an increased tax on non-recyclable products and a lower tax on products designed for easy recycling. This strategy minimizes environmental impact, saves on raw material extraction, reduces national costs, boosts domestic employment, and maintains affordable prices. The recycling tax or subsidy is settled in real time and can be introduced on individual products, product groups, manufacturers, sub-suppliers or by country of origin.
The purpose of the climate tax is to protect nature by taxing polluted and climate-harming products, while at the same time reducing taxes on environmentally friendly alternatives. This tax strategy can reduce national costs, inspire the development of climate-friendly products and minimize environmental damage. The tax or subsidy is settled in real time and can be introduced on individual products, product groups, manufacturers, sub-suppliers or by country of origin.
The purpose of the Sustainability Tax is to extend the life of the product and reduce the consumption of natural resources. It imposes higher taxes on products with a high resource-to-life ratio and lower taxes on high-quality, long-life products that are modular and easy to repair. The sustainability tax or subsidy is settled in real time and can be introduced on individual products, product groups, manufacturers, sub-suppliers or by country of origin.
Public Personal Grant aims to simplify and target public personal welfare grants to promote equal welfare. UnTS can reduce taxes on essential products and potentially provide personal subsidies to people on low incomes.
This tax strategy allows for the regulation of taxes and the allocation of personal subsidies to selected population groups or residents in selected geographical areas. The system is designed to pay the welfare subsidy to the consumer at the point of sale (POS) via the payment terminal, identification of the recipient of the discount or subsidy is based on the person’s ID on the person’s means of payment, where a requirement for biometric authentication is mandatory. The public personal discount or subsidy is automatically settled by the UnTS app in the seller’s sales system (POS) and checked with AI in real time.
10. The integration of the universal new tax system UnTS with reduced tax or subsidies for private or public consumption, is a ground-breaking innovation developed for IT cloud and AI technology. UnTS ensures a streamlined tax system that works in real time, which is a welfare-promoting innovation for both the taxpayer and the public tax administration system.
With the universal new tax system UnTS’ financial navigation, AI control systems and a possible transition to a cashless society, tax administrative burdens will be significantly minimized for public tax authorities and completely exempted from private taxpayers and most companies. Companies with tax-free storage of products will be required to join the universal new tax system UnTS’ module, intended for warehouse management with AI control. For companies, there may be a need to connect the company’s administration and sales systems to UnTS API integration.
Activation options in tax web app or mobile app.
Profile setup in tax web app or mobile app.
The user interface (UI) of the universal new tax system UnTS’s tax and administration system is designed with profile setup, which simplifies and selects only necessary modules for the user. For companies with tax-free inventory, a stock management module is added and for import and export companies, a customs module can be selected.
In profile setup, modules can be initialized to:
Private citizen 2. Associations.3. Public institutions. 4. Domestic business enterprises. 5. Multinational companies 6. Business with tax-free warehouse storage. 7. Import and export companies.
The universal new tax system UnTS’s app will then only activate the associated modules and initialize them with ID data, which is transferred automatically from personal or company registers. At the same time, a tax account is created as a lifelong account linked to a bank account in the taxpayer’s private bank.
Companies can activate a storage module where all the company’s assets, sales of products and services are registered.
If the company has the universal new tax system UnTS’ app installed on a desktop, tablet and smartphone, tax settlements and updating the company’s inventory management will automatically be updated in UnTS’ Cloud system in real time.
Taxpayers can activate secure online bank payments through the universal new tax system UnTS, which only allows online bank transfers to account numbers that the bank has guaranteed are secure, or the taxpayer himself has entrusted transactions from the online bank account. Read more.
The universal new tax system UnTS gives taxpayers access to an overview of tax calculations and other relevant tax information. Users can monitor their financial balance and settlements with the government in real time.
The universal new tax system UnTS.
The universal new tax system (UnTS) that settles and AI controls tax in real time, transforms the global tax landscape!
Globally applied tax systems are extensive, complex and unmanageable bureaucratic systems, structurally designed in an era when paper tax reporting was used. The new universal tax system UnTS has been developed as a simplified dynamic basic tax system that is designed for digital Internet technology that calculates and transfers tax in real time and uses artificial intelligence for fair real-time tax control.
Advantages:
All statutory payments and subsidies between taxpayers and public authorities are carried out online in real time on the public cloud system UnTS.
No value added taxation between companies, taxation of company profits only occurs when transferred to another tax category. Profits can be invested tax-free as long as the profits remain in tax category 3 for investment and business capital. Consumption tax is settled in real time when products are sold from business to private or public use.
UnTS’ 2 tax channels:
Tax channel 1 for private income and wealth and business taxation.
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- Advantages of settling private income and capital and business taxation in real time:
- for taxation of private income and capital and company profits:
- Simplified personal income and capital and corporate profit taxation, divided into three tax categories, which completes taxation with real-time transactions.
- Tax-free investment or savings for a private home, retirement and business establishment or investment.
Tax channel 2 designated for settlement of consumption taxation and subsidies.
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- Calculating consumption taxation and subsidies in real time.
- The consumption tax or subsidy is settled in the sales system (POS), which is online with the public cloud system UnTS.
- Consumer behavior can be influenced in real time by regulating different tax rates or subsidies when purchasing goods and services.
- Consumption discounts or subsidies, when purchasing goods and services for citizens and public institutions, can be targeted at specific income groups or institutions based on the ID on the payment medium.
Import and export control:
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- Taxes or subsidies are settled automatically in real time upon border crossing.
Advantages of using automatic tax and tax settlements with real-time AI control:
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- User terminals with taxpayer app connected online to the tax authorities’ cloud system, which also settles tax and subsidies in real time with AI control.
- The cloud system supports all statutory deposits and withdrawals, which are carried out automatically in real time via a tax account linked to the taxpayer’s private bank account.
- Settlement of tax and subsidies in real time, with AI control, eliminates the need for additional reports and post-calculations. This provides a comprehensive reduction of administrative burdens for both tax authorities and taxpayers.
- Real-time tax payment and AI control will be able to fight non-payment, tax evasion, money laundering and corruption.
- Overall, the universal new tax system UnTS is a revolutionary innovation in public administration that streamlines tax processes and promotes financial transparency for citizens, businesses and public institutions.
The universal new tax system UnTS.
Q&A
1. What is the main purpose of the universal new tax system UnTS?
- Answer: The main purpose of is to create a real-time and simplified fair tax system that purposefully promotes equality, health and welfare in a sustainable society. The simple dynamic design of UnTS is designed to adapt to future digital and AI development of the tax system, and ensure a balance between individual rights and societal obligations.
2. How does the universal new tax system UnTS ensure socially fair taxation?
- Answer: Socially fair taxation is achieved by a balance between tax-free basic income and a flat gross taxation as well as income-based subsidies based on personal basic needs.
- By setting the tax-free basic income at an amount that completely exempts low-income groups from income tax and at the same time reduces taxation or subsidies aimed at the purchase of healthy food and basic needs for housing and personal necessities, UnTS will thereby be able to create a reasonable social balance that works in real time .
- Subsidies for goods and services as well as housing and personal necessities are made automatically upon acquisition according to the person’s financial status, which follows the person’s ID in real time.
3. How does the universal new tax system UnTS achieve real-time adaptation to changing economic and social conditions?
- Answer: The universal new tax system UnTS achieves real-time adaptation by dynamically adjusting tax rates. This flexibility enables tax authorities to respond quickly to changing economic and social conditions and ensure that tax policy is in line with society’s needs.
4. How does the universal new tax system UnTS simplify the taxation of goods and services?
- Answer: The universal new tax system UnTS simplifies the taxation of goods and services by aggregating taxes and information for each product or service in a unique data batch. This batch is used for real-time taxation when goods and services are transferred from companies to individuals.
- Imported goods are subject to import duty, which is paid by the importing company before the products can be delivered to the company, the products will then be taxed under the same conditions as domestically produced products. In case of re-export, the paid import tax is refunded.
- Businesses must add the products to their inventory and private consumer must pay import and domestic consumption tax before the product can be released to the individual consumer.
5. How does the universal new tax system UnTS protect against competition from imported products that are substituted or if the production is harmful to the local or global environment?
- Answer: Products imported from the countries that are subsidized or produced under environmental and other burdensome conditions may be subject to an import ban or appropriate high tax. This applies to both companies and private consumers.
6. How does the universal new tax system UnTS ensures that tax is paid in real time for private online trading?
- Answer: When domestic business operators receive payment by credit card or bank transfer from private customers for products or services, the tax is calculated according to the sum of all taxes in the data batch, and the total sum of all taxes will be transferred to the public account for the company’s taxes and the remaining amount will be deposited on the company’s bank account.
- The data batch follows invoicing and payments as QR data, the data content of which can be scanned and forwarded to other systems. UnTS automatically updates the company’s inventory. When importing, the importer must complete the import declaration himself, if the exporter is not approved and uses UnTS QR codes for goods and services.
7. How does the universal new tax system UnTS ensure that tax is paid for private individuals’ foreign online shopping?
- Answer:The universal new tax system UnTS calculates tax for foreign e-commerce according to the same method as domestic e-commerce, if the foreign online store is registered in UnTS, and taxes and import tariffs are calculated automatically. If the foreign exporter is not UnTS registered, the buyer must himself enter product information with an international tariff code.
- The universal new tax system UnTS calculates a total tax and import duty for each good or service. The total tax amount is transferred from the buyer’s tax account in UnTS to the publicly connected tax account, the remaining amount is transferred to the seller’s foreign bank account for the webshop.
8. How do you ensure correct stock registration of goods and services when buying and selling business-to-business?
- Answer: Goods and services business-to-consumer and business-to-business transactions must be registered with their own data batch number. The universal new tax system UnTS‘ storage module automatically registers arrivals and departures, both when transitioning to private, public institutions and for companies.
9. How does the universal new tax system UnTS avoid transfer pricing and profit shifting on imported goods and services?
- Answer: Multinational companies pay tax on the difference between a basic and invoiced price when exporting or importing to/from an economically connected foreign company.
- AI calculates base prices and incorporates them into data batches, preventing transfer pricing and profit shifting.
- For export, tax 3 is paid on the difference if the selling price is below the current base price.
- When importing, tax 3 is paid on the difference if the purchase price is above the current base price.
10. How does the universal new tax system UnTS‘ tax capital gains earned by multinational corporations?
- Answer: Profits earned on business investment are tax-free if they remain in the domestic business or are used for further investments. Tax is paid when profits are transferred abroad after taxation of business and investments tax category 3 or according to a bilateral agreement with the recipient country or a separate agreement with the individual multinational company.
11. How does the universal new tax system UnTS‘ tax capital gains earned in foreign investments?
- Answer: Private investments abroad: Foreign investments are considered business investment, therefore private individuals must first transfer the capital they wish to invest to Investment and business capital tax category tax-3. which means that the amount is added to the private tax paid. When the transferred capital is invested abroad, taxation will be processed and taxed according to rules that apply to business investments abroad tax category tax-3.
- Business investments abroad: Repatriation of the invested amount can be transferred tax-free to tax category 3 and profits that are repatriated pay tax according to tax category 3, losses cannot be offset against other domestic business capital, but losses can be offset against profits from foreign investments. Earned foreign stock dividends or capital gains or profits on investments are taxed when they are transferred from tax category 3 to privately taxed capital Tax category 1 – tax 1.
12. How does the universal new tax system UnTS‘ tax investments and the use of cryptocurrency as a means of payment?
- Answer: Private capital category 1 tax-1 must first be transferred to is separate sub-account in business category-3 tax-3 before cryptocurrency can be bought and sold. The amount transferred to the sub-account can be returned untaxed to private capital Tax category 1.
- Profits earned on crypto-investments can be deposited as corporate capital tax category-3 tax-3, and are taxed only when they are transferred to privately taxed capital tax. category 1 – tax 1. Losses on crypto investments cannot be offset against other business capital.
- In the case of commercial use of cryptocurrency for the purchase and sale of products and services, the amounts must be updated in the universal new tax system UnTS‘ business category-3 tax-3, according to current tax rules for cryptocurrency and the inventory management system must be updated.
13. What is the role of AI in the regulation of the universal new tax system UnTS‘ tax rates and overall administration?
- Answer: AI dynamically adjusts tax rates in real-time to align with societal goals. AI control systems monitor transactions in real-time, allowing for proactive alerts to prevent tax evasion and corruption.
- AI plays a crucial role in regulating of the universal new tax system UnTS‘ tax rates in real time, assisting in fulfilling society’s objectives. The AI control system aids in promoting health, environmental goals, equality, global peace, and freedom by adjusting tax rates dynamically.
14. How is the universal new tax system UnTS integrated with public services and subsidies?
- Answer: The Universal New Tax System UnTS integrates with public services and subsidies through unique identifiers in data batches for each product or service. These identifiers allocate subsidies to selected population groups, facilitating targeted public subsidies and efficient resource allocation.
15. How can the universal new tax system UnTS reduce the public’s and citizens’ healthcare costs and at the same time prevent and improve the general state of health of the country’s population?
- Answer: The Universal New Tax System UnTS enables dynamic real-time adjustment of tax rates on unhealthy foods to promote a health-promoting lifestyle. This can minimize healthcare costs and improve the overall health of the population.
- The universal new tax system UnTS can introduce taxes or subsidies in real time on all goods and services which aim to influence a health-promoting lifestyle. An evaluation will, within a very short time, be able to measure the impact on the purchase of healthy food and, in the longer term, on the population’s general state of health as well as the minimization of healthcare costs.
16. How can the universal new tax system UnTS change the unhealthy lifestyle where ultra-processed foods, with added unhealthy ingredients, lead to obesity, diabetes, cardiovascular disease and cancer, etc.?
- Throughout life, a healthy lifestyle is important: The universal new tax system UnTS can target tax rates and subsidies that promote healthy lifestyles, thereby making it possible to prevent and limit lifestyle diseases in the population in a timely manner. The gain by ensuring a high state of health in the population and a life with a high quality of life, will be able to reduce health expenses and increase the income level and the country’s production, which will be the basis for a reduction in the total tax payment.
17. What advantages does the universal new tax system UnTS offer to taxpayers and public authorities?
- Answer: The universal new tax system UnTS offers real-time dynamic adjustment of tax rates, a user-friendly tax and administration APP, a central database with a connected lifetime account, simplified taxation, real-time financial navigation, integration with public services, reduced administrative burdens, and promotion of equality.
18. How does the universal new tax system UnTS detect attempts at tax evasion and corruption?
- Answer: The universal new tax system UnTS uses AI control algorithms to detect tax evasion and corruption by scanning all transactions in real-time. Proactive alerts are sent to taxpayers to prevent potential fraudulent activities.
19. How does the universal new tax system UnTS address tax evasion by individuals?
- Answer: UnTS utilizes AI control algorithms for real-time financial navigation to automatically detect and prevent tax evasion attempts by individuals.