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 future-proofs 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, known as the universal new tax system UnTS, 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 has 2 tax channels:
Tax channel 1, with three tax categories. each with its own operational tax rate, calculated to:
1. Private and salary income.
2. Capital savings and private housing.
3. Business operations and investments.
This innovative simplification of the tax system gives the tax authorities flexible options to regulate the tax in real time. Consumption taxation can be targeted in real time towards a just society with a healthy lifestyle. Results of changed tax rates will be able to be analyzed and adapted in real time, to counteract the negative and promote the positive impacts on society.
Tax Channal 1
Tax channel 1 tax category 1 with account for taxed private income and salary: Taxable private income and salary are subject to ordinary taxation. The social income balance is achieved by making the private basic income per person, who is necessary for a dignified welfare, at a tax-free income amount per month.
Private taxed funds in tax class 1 can be transferred to tax class 2 for saved capital and private housing or to tax category 3 intended for investment and business capital, the transferred amount is added a percentage amount according to the tax percentage in tax tax category 1, if the amount is desired to be returned to tax tax category 1, the amount is re-taxed with same tax rate as was applicable at the time when the amount was transferred.
Tax channel 2 for consumption taxation of goods and services:
Tax channel 2 for consumption taxation of goods and services, which charges unique behavioral tax rates, aggregated in a data batch for each good or service. Each tax rate can be regulated individually in real time, within the framework of the law.
Tax Channal 2
Different unique tax rates imposed on each good or service.
1. 1. The individual tax rates are unique and are aggregated in a product data batch for each good or service, so that the total tax percentage can be imposed on each good or service when goods or services are sold for private consumption.
The purpose of aggregating unique tax rates for each product or service is to be able to regulate consumer behavior by adapting the taxes so that they meet UnTS‘ overall goals of better welfare, equality and health.
The import duty is shown as a data field in the product data batch and is settled at the customs border according to the applicable duty rate for each product or service. Regulation of customs tariffs can be adjusted in real time according to the decided political framework for import duty.
2. The universal new tax system UnTS aggregates different tax rates across all goods and services and targets consumption taxes to improve consumer behavior for the benefit of public health and welfare.
The tax is charged automatically when goods and services are transferred from a company to a private consumer or when purchasing for public use. The POS system posts the tax in real time to the point of sale’s tax account and the net sales amount to the seller’s bank account.
3. This simplification of the taxation of goods and services, which separates untaxed funds in business and taxed funds for private or public use, as well as taxation of exports of products and raw materials that burden the domestic environment, is a win-win for society, the taxpayer and the tax authorities, as it improves and simplifies tax control and administration in accordance with the legal basis. The authorities can adjust the tax rates for these three categories and adjust the different tax rates for each product and service, ensuring that the universal new tax system UnTS is responsive to changing economic, political and environmental conditions.
4. An example of an aggregated data batch for a good or service that contains all the necessary data for taxation and public subsidies: The process of aggregating data involves combining individual data points or records into a single data batch, summarized representation for each item or service.
Data fields – 1-Start code: 2-Countries of origin: 3-Product codes HS 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: 14-health tax: 15- recycling tax: 16-climate tax: 17- durability tax: 18- safety tax: 19-public subsidy tax: 20-public subsidy area: 21-public subsidy group: 22-information about the product: 23-The price of the product or service without taxes: 24-The total price of the product or service with taxes.
5: QR codes or NFC can be used to read and forward data to other systems, e.g. for information, payment and invoicing. QR codes or NFC informatioervices are used as changing real-time n about goods or sdata, while order, billing and payment data are used as final agreed data.
In case of increasing prices of goods or services changed during the sales period, there should be an appropriate time delay between the update of the information medium and the price at the point of sale. The time delay must prevent the customer from experiencing one price on the information medium and a higher price at the point of sale (POS). Changes to tax tariffs are always date-specific.
6. At the time of sale, it is the agreed selling price + real-time taxes on goods or services that are settled or invoiced in real time, at the same time the taxes are transferred to the company’s tax account in the universal new tax system UnTS.
7. Import duties are charged in real time at the customs border and are calculated according to the applicable tariff which is contained in the current goods or service batch number.
8. The import tax is not included in the total sum of taxes, but is collected in real time when crossing the customs border. The purpose of import taxes is to maintain and optimize domestic production. Bilateral agreements, balance of trade, production methods and substitution will have an impact on the size of the import duty.
Import duties are charged in real time at the customs border and are calculated according to the applicable tariff which is contained in the current goods or service batch number, and are determined by data of individual goods, product groups, manufacturers and by country of origin. Settlement takes place automatically at the customs border by scanning the QR code for the batch number of the various goods and the QR code for the exporter and importer. When exporting natural resources environmental tax may be charged. If imported goods or services are exported, the import duty paid can be refunded. If the customs documents do not have QR codes, the importer must complete the customs documents in Universal New Tax System before the products can be released.
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 sound domestic products. Exploitation of natural resources and other environmentally harmful factors in the country of production is subject to environmental tax. The environmental tax can be imposed on domestic sales as well as exports and is collected in real time on individual goods, product groups, producers and by country of origin, as well as when environmentally harmful products and raw materials are exported.
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 organic healthy foods. The health tax can be introduced on the individual products, product groups, manufacturers, sub-suppliers or the 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 for new goods. The recycling tax can be introduced on the individual products, product groups, manufacturers, sub-suppliers or the country of origin.
The climate tax’s purpose is to endorse products that are environmentally friendly and contribute to restoring global climate balance. Increased taxes on products causing pollution and global warming, alongside lower taxes on eco-friendly alternatives, can mitigate global warming. This tax strategy reduces national costs, inspires the development of climate-friendly products, and minimizes environmental damage. The climate tax can be introduced on the individual products, product groups, manufacturers, sub-suppliers or the country of origin.
The durability tax aims to extend product lifetimes and reduce natural resource consumption. It imposes higher taxes on products with a high resource-to-lifetime ratio and lower taxes on high-quality, long-lasting products, and on product with a modular structure enhancing repairability further reduces consumption costs and environmental impact. The durability tax can be introduced on the individual products, product groups, manufacturers, sub-suppliers or the country of origin.
The universal new tax system UnTS seeks to promote global security, human rights, peace, equality and prosperity. This is achieved by completely banning imports or increasing taxes on products, imported from countries that violate human rights. These ban or taxes can motivate countries to improve human rights and promote peace and democracy. Bans or taxes may be introduced for individual products, product groups, manufacturers, sub-suppliers or imposed on the entire country of origin.
The public grants group aims to simplify and target public grants to promote equal welfare. By reducing taxes on essential products for low-income people and potentially providing subsidies, this tax strategy supports financial equity, which allows for the regulation of taxes and the allocation of public assistance to selected population groups or residents of selected local areas. The system is designed to send subsidies back to the point of sale or payment terminal instead of taxing certain essential products.
9. Tax rates or subsidies can be set to support equality in welfare by minimizing taxes or transferring a subsidy to goods or services that promote health and welfare. It can be regulated for individual products, product groups, services and targeted to specific recipient groups, based on ID information on the payment medium.
10: The universal new tax system UnTS can integrate with public benefits and grants, allowing for the regulation of taxes and allocation of public assistance to selected population groups. Tax rates can support welfare equality by minimizing taxes or transferring subsidies to health and welfare-promoting goods or services. The subsidy from the Universal New Tax System is transferred in real time, and AI controls ensure proper use of these subsidies.
11: “The integration of the universal new tax system UnTS with public services and benefits is a groundbreaking component of its success,” said Reeh. “It ensures that our tax system works in real time to promote the well-being of all individuals. With the universal new tax system UnTS‘ financial navigation, AI control systems, and a transition to a cashless society, tax administrative burdens will be significantly minimized for public tax authorities and completely removed for private taxpayers and the majority of companies. Companies with tax-free storage will be required to join the universal new tax system UnTS‘ module for stock control. For larger companies with several departments, additional control modules may be needed.
12. Companies that resell products and services for both private and commercial use must keep stock accounts for both groups:
Calculation method for companies processing products for resale:
The quantity of all raw materials included in the total processed product is scanned into the universal new tax system UnTS with associated QR codes.
A data batch is created in the universal new tax system UnTS for the entire product, either as a one-time product or a record for future use.
Export companies that process and manufacture products for export can, after calculation, have the paid import tax refunded, which has been paid for the products that are part of the total product or service for export.
The inventory account for raw materials and finished goods:
The inventory account for raw materials and finished goods is updated when raw materials are used for processing new units of goods or are used for internal consumption in the company or taken out for private consumption.
Non-saleable products:
Non-saleable products must be registered and handed in for recycling.
The universal new tax system UnTS‘ tax and administration system for citizens, companies, and public institutions
13: The user interface (UI) for the universal new tax system UnTS‘ tax and administration system is an app designed with profile setup for citizens, companies, and public institutions. The app simplifies and adapts the UI to individual needs. For businesses with tax-free inventory, an inventory management module is added in the app’s profile setup. The universal new tax system UnTS can integrate with various systems, facilitating real-time tax settlement.
The universal new tax system UnTS‘ app:
The universal new tax system UnTS‘ app is the entry portal for all transactions that include taxes for the company. The taxpayer can track all public payments that are automatically processed in the universal new tax system UnTS‘ app.
In the setup of the app, the checkboxes are enabled for:
Private citizen 2. Association – Cooperative. 3. Public institution. 4. Domestic business enterprise. 5. Multinational company.
Companie:
Companie with tax-free warehouse storage.
Importer – Exporter.
The universal new tax system UnTS‘ app will then activate the associated modules and connect them with ID data for the private person, associations, public institutions and companies, which is transferred automatically from the personal and company register.
When a bank account is created as a universal new tax system UnTS‘ bank account in a private bank, it will automatically be linked to the lifetime account in the universal new tax system UnTS.
Functions that can be performed in the universal new tax system UnTS‘ app:
For individuals, associations or public institutions that are not traders, all tax postings will be made automatically. The citizen will be able to follow his tax payment and his overall financial status on the app, in real time.
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 of the company’s inventory control will automatically be updated in UnTS‘ Cloud system in real time.
A start-up or small business will be able to run its business with the universal new tax system UnTS‘ app installed on a desktop, tablet and smartphone. The larger companies can integrate the universal new tax system UnTS‘ app with their companies’ IT systems, whereby the tax settlements and updating of the inventory control can be carried out automatically in real time.
Secure online bank payments through the universal new tax system UnTS‘: The account holder must enable a checkbox for XS in the setup, which only allows online bank transfers to account numbers marked with XS all other account numbers will be rejected.
The receiving account holder’s bank will mark the account numbers approved by the bank as extra secure XS which means that the bank guarantees repayment of the transferred amount if a transfer turns out to be a mistake or illegal etc.
All public online bank accounts will be XS marked and guaranteed by the country’s national bank. If a receiving account number is not approved and thus not marked with XS by the recipient’s bank, the account holder can approve the payee’s account number himself, by creating the account number in his own whitelist in UnTS, whereby the account number is marked as extra secure with XS mark, which means that the account holder hereby waives the bank’s guarantee for chargebacks in the event of illegal transfers and thus assumes the financial responsibility for online bank transfers to this whitelisted account number.
Three tax accounts, which are synchronized with lifetime accounts in the country’s national bank:
14: The universal new tax system UnTS automatically creates the three tax accounts, which are synchronized with three bank accounts in the country’s national bank, as lifetime accounts for each individual citizen, company or public institution. The three tax accounts handle taxation in the three tax categories in tax channel 1:
1. Lifetime account synchronized with tax account for taxed funds – private income and salaries.
2. Lifetime account synchronized with tax account for untaxed capital savings for private housing and pension.
3. Lifetime account synchronized with tax account for investments and business capital.
The lifetime bank accounts at the Nationalbank are connected to private bank accounts, and show in real time the updated balances from the connected private bank accounts.
The universal new tax system UnTS gives taxpayers access to an overview of tax calculations and relevant information. Users can monitor their financial balance with the public sector in real time and avoid reporting and readjustment of taxes.
Advantages:
The universal new tax system UnTS.
Real-time tax and artificial intelligence transform the global tax landscape.
The tax system offers several advantages:
Dynamic adjustment of tax rates and taxes on goods and services in real time.
Simplified taxation with three tax rates and one data batch type for all goods and services.
Integration with public services for efficient resource allocation.
Reduced inequality by providing tax relief and subsidizing basic goods.
Enables targeted taxation and allocation of public subsidies.
Reduces administrative burdens for both tax authorities and taxpayers.
Real-time tax collection and AI control systems to combat tax evasion and corruption.
Integration with various systems for easy data exchange and real-time tax settlement.
Overall, universal new tax system UnTS is a revolutionary innovation in public administration, streamlining tax processes, and promoting financial transparency for citizens, companies, 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 objective of is to create a real-time and simplified tax system that purposefully brings justice, equality, health, and welfare to a sustainable society. It is designed to dynamically adapt to the future digital development of a universal AI 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?
The universal new tax system UnTS has two tax channels which can be regulated and taxed within the framework of the law:
Tax channel 1: Socially fair taxation is achieved by introducing a tax-free basic income for all taxpayers and a reasonable proportional gross taxation of private income, wages, profits on assets and companies and investments. The income, salary and profit are taxed when transferred to a private account.
By setting the tax-free basic income at an amount that exempts low-income groups from income tax and by taxing junk food and reducing taxation or subsidizing the purchase of healthy foods, a fair and health-promoting taxation can be a win-win for the whole society.
The tax administration can regulate the tax-free basic income and taxation in three tax categories: 1, private income and salary 2. profit on housing and savings 3. profit on companies and investments.
Multinational companies can receive subsidies for investments if taxed funds are used, and earned profits can be reinvested tax-free. Invested transferred amount, minus subsidy, can be repatriated tax-free. Transferred profit is taxed according to the same rules as national investors or by bilateral agreements.
Tax channel 2. Tax percentages and subsidies on goods and services, which are transferred when selling each product unit or service, as well as when regulating taxes or providing subsidies for each individual product unit/service or product/service group.
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.
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 countries that are subsidized orproduced under environmental and other burdensome conditions may be subject to an import ban to protect domestic products. This import ban applies to both companies and private consumer.
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.
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, but first the product-specific data batch must be updated with an international HS tariff code, here a data batch is generated for the imported unit. If the foreign online store is registered in UnTS, taxes are calculated automatically; otherwise, the buyer must enter product information.
The universal new tax system UnTS calculates a total tax for each item or service according to the total sum of all taxes in each data batch with HS code, the seller specifies for each product.
The total tax amount is transferred via the buyer’s tax account in universal new tax system UnTS to the connected public 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?
1. 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.
2. 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 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 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.