2027 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 2027 Universal New Tax System UnTS’ is designed with a graphical user interface (GUI) that provides the taxpayer with web access to a very user-friendly tax and subsidy website for tax calculation, settlement and control, which are automatically performed in real time on the UnTS’ cloud system. Taxes, consumer tax, import duties, security tax and subsidies can be changed in real time by the tax authorities, which allows the tax authorities to respond quickly to changing economic and social conditions and ensure that tax and subsidy policy is always best adapted to the country economy.
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 2027 Universal new Tax System UnTS is designed with 2 tax channels:
- Tax channel 1 taxes wages and private income, capital income, business and investment income. Taxation is carried out in real time upon receipt of private wages and income and upon transfer to another tax category.
Tax channel 2 is designed to regulate consumer taxation and the payment of subsidies to goods and services, for private or public consumption. Consumer taxation and subsidies are settled 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 1 tax category 1
Taxable private income and wages are covered by flat taxation, whereby proportional taxation is avoided. The social income balance is achieved by making the private basic income per person tax-free and can, together with the taxation of capital and business gains, be adjusted to a level that provides a reasonable welfare balance. The tax-free floor limit can be adjusted monthly, for each income group within the set political framework.
Tax Channal 1 tax category 2.
Tax account for private homes and saved ordinary capital.
Privately taxed capital in tax category 1 can be transferred to tax category 2, with the addition of an amount corresponding to the applicable tax rate in tax category 1. Capital is tax category 2 can be used for the purchase of a private home and future repayment of housing debt and interest, as well as for pension savings. Transferred private capital from tax category 1 to tax category 2 is added to the tax paid and re-taxed at the same rate, upon return to the privately taxed tax category 1. The surplus value obtained from the sale of housing and capital returns, which are returned to privately taxed tax category 1 accounts, are taxed at the applicable tax rate in tax category 2. Losses on the sale of private housing can be offset against future profit per sale of private homes and capital returns.
Tax Channal 1 tax category 3.
Tax account for investment and business capital.
Private taxed capital from tax category 1 can be transferred to tax category 3, and an amount is added according to the applicable tax rate in tax category 1. The capital in tax category 3 can be used for investment and business establishment. When returning investment capital from tax category 3 to a tax category 1, the amount is re-taxed according to the same tax rate. Profits from business activities and other investments that are transferred to tax category 1 are taxed according to the tax percentage in tax category 3. Multinational companies are taxed according to the same rules as national companies or according to bilateral agreements.
UnTS eliminates the retrospective calculation – statement – post-adjustment and control of tax and subsidy processes with automated tax and subsidy processes in real time. This simplification of tax and subsidy systems is possible with internet, cloud systems that automatically perform tax calculations with AI control and settle tax and subsidies in real time. Automated processes are carried out from user-friendly interfaces on desktop, mobile terminals or POS with payment terminals that are online with the UnTS’ Cloud system, where taxes on private income, housing and savings and business and investment as well as consumption taxes and subsidy processes are settled in real time.
Tax channel 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 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 export 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.
Ban or tax imposed upon import or export of products produced under conditions that do not meet the global democratic objectives for the protection of the environment, welfare and human rights. The ban or settlement of tax is effected in real time at the national border or for domestic companies in the case of raw material extraction and weighty worrisome production. The ban or tax is imposed on both foreign and domestic companies, with a weight that promotes the global, environment, equality, welfare, democracy and human rights. The percentage tax or subsidy can relate to individual goods, product groups, producers or by country of origin.
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.
Subsidies to citizens or public institutions are automatically settled in real time when purchasing eligible products, provided that the data batch belonging to the purchased product contains a subsidy percentage.
The UnTS‘ cloud tax system is set up with a subsidy account for each citizen or public institution, which contains subsidy codes for subsidy-eligible products as well as the balance indicating the sum of the subsidies granted.
When purchasing products, UnTS activates a transfer of the subsidy amount from the subsidy account in the UnTS‘ cloud system, the amount is calculated according to the set percentage for the purchased product, whereby the net price is reduced accordingly.
This simple way of paying subsidies in real time when purchasing eligible products ensures that subsidies are only paid for products that are eligible for subsidies to the citizen or public institution in question. If the granted subsidy amount is not used, the remaining amount will be carried over to the next period.
The subsidy recipient identifies themselves based on the citizen’s or public institution’s ID card, which is supplemented by a requirement for biometric authentication.
General grants may be granted automatically based on age, dependents and income, while more special grants require individual allocation, e.g. based on medical certificates and for public institutions after individual allocation or group allocation.
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.
The point-of-sale terminals (POS) automatically add consumption taxes and subsidies in real time at the point of sale. Subsidies can be targeted to the needs of the individual citizen, which are provided based on ID information on the payment card and biometric authentication. The import tax is settled by the companies in real time at the border crossing. The tax percentage is included in the product data batch and is used in customs declaration and as information data displayed when the QR code of the goods or services is scanned. The security tax is settled by the company that exports or produces products for domestic consumption. The primary purpose of the tax is to get companies to opt out of harmful production and export. In consideration of the companies’ dispositions, changes in taxes will be notified in a timely manner.
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.
The Universal New Tax System (UnTS) introduces a real-time, AI-supported tax and subsidy framework that could dramatically transform the economic landscape. By shifting from traditional, post-calculated tax processes to a digital, real-time model, UnTS modernizes taxation and subsidies, bringing multiple benefits for taxpayers, governments, and the economy as a whole.
The key economic implications of implementing the UnTS:
- Efficiency and Reduced Administrative Burden:
The UnTS system leverages cloud computing, the Internet, and AI to automate tax calculations and settlements in real-time. This real-time automation eliminates the need for tax reporting and post-calculation, drastically reducing administrative burdens on both taxpayers and tax authorities. Companies save resources otherwise spent on tax compliance, while tax authorities can reallocate resources away from manual processing towards other economic functions. - Enhanced Compliance and Reduced Tax Evasion:
The use of AI control in real-time tax processing makes it harder to evade taxes, addressing issues like non-payment, tax evasion, and money laundering. By removing opportunities for these activities, UnTS could increase overall tax compliance and contribute to more stable revenue streams for governments. Increased compliance also improves fiscal transparency, making it easier for policymakers to allocate funds effectively. - Dynamic Tax Policy Adaptation:
With real-time data and AI, tax authorities can quickly respond to changes in economic and social conditions by adjusting tax and subsidy rates for goods and services. For instance, if a public health issue arises, the health tax can be immediately applied or increased on products that contribute to the problem, while subsidies on healthier alternatives can be introduced. This adaptability fosters a responsive, agile economic policy framework. - Reduction of VAT Between Companies:
Under UnTS, value-added taxes (VAT) are eliminated for business-to-business transactions, with taxes only applied when goods or services transition from business to private or public use. This could reduce costs throughout the supply chain, making goods and services more affordable for end consumers. It also simplifies financial transactions between businesses, potentially boosting business activity and collaboration across sectors. - Incentives for Sustainable Consumption and Production:
UnTS is designed with various environmentally and socially motivated taxes and subsidies—such as environmental, health, recycling, climate, and sustainability taxes. These taxes can be automatically adjusted in real-time, incentivizing the production and consumption of eco-friendly and health-promoting products. For example, higher taxes on non-recyclable products could shift demand toward recyclable options, thereby promoting sustainability and reducing environmental impacts. - Balanced Welfare and Income Equality:
The real-time calculation and application of consumption taxes and subsidies allow for direct support to low-income individuals, potentially lowering their costs on essential goods and services. This could enhance welfare and support income equality by providing tailored subsidies at the point of sale for qualifying individuals. Additionally, the progressive structuring of income, capital, and business taxation under UnTS supports a balanced welfare approach. - Streamlined International Trade and Customs Control:
UnTS also simplifies import and export taxation by settling these taxes at customs in real time. This innovation reduces delays in trade processes and allows for dynamic, real-time adjustments to tariffs in response to geopolitical or economic shifts. The capability to impose taxes based on the product’s country of origin or production practices supports ethical trade practices, like human rights compliance, and reduces trade friction. - Economic Growth Through Simplified Business Investments:
By taxing company profits only when transferred to personal or private accounts, UnTS allows businesses to reinvest profits in expansion and innovation without immediate tax implications. This model can stimulate economic growth by encouraging companies to reinvest earnings, spurring business growth and job creation. - Facilitates Transition to a Cashless Society:The digital nature of UnTS aligns well with a cashless economic model, enabling tax and subsidy transactions directly through digital banking systems. This shift can enhance financial security, increase transaction speed, and reduce the costs associated with cash handling.
In sum, the Universal New Tax System (UnTS) could transform taxation into a more equitable, efficient, and adaptable mechanism for managing public revenue, incentivizing sustainable behaviors, and promoting overall economic welfare. By enhancing compliance, minimizing administrative costs, and fostering a balanced approach to income and consumption taxes, UnTS could be a vital step toward a more transparent and fair economic structure.
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?
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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. Question How can the security tax be administered and collected?
- The companies manage products subject to security tax in the stock control system and tax is settled in real time when the stock is updated. The tax or ban must make companies change their behavior and choose other products that are not burdensome..
10. 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.
11. 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.
12. 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.
13. How does the universal new tax system UnTS‘ tax investments and the use of cryptocurrency as a means of payment?
- Answer: Private capital in tax ategory 1 must first be transferred to is separate sub-account intended for cryptocurrency in tax category-3 before cryptocurrency can be bought. The amount transferred to the sub-account can be returned tax-free to private capital Tax category 1. Profits earned on crypto-investments can be deposited as company capital tax category 3 which is only taxed when transferred to privately taxed capital tax category 1. Losses on crypto-investments will be offset against the balance of the profits in the account for cryptocurrencies and cannot be offset against the account for 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, according to current tax rules for cryptocurrency.
14. 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.
15. 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.
16. 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.
17. 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.
18. 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.
19. 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.
20. 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.
21. Can the universal new tax system UnTS minimize expenses for administration, accountant, and tax advisers. ?
- Answer: Yes, the real-time nature of the universal new tax system UnTS and its integrated public services reduce the need for intermediaries, streamlining tax administration and minimizing expenses for administration, accountants, and tax advisers.
22. Can the universal new tax system UnTS reduce the resources spent on investigating and detecting tax fraud?
- Answer: Yes, AI-driven control systems in the universal new tax system UnTS can replace manual tax administration and control, proactively identifying potential fraud without the need for extensive investigations.
23. How does the universal new tax system UnTS contribute to streamlining the judgment and punishment process for tax offenders?
- Answer: By automatically detecting tax fraud in real time, the universal new tax system UnTS reduces the burden on legal systems and authorities in investigating and prosecution tax offenses.
24. How can environmental and recycling tax, in the universal new tax system UnTS protect land and the water environment?
- Answer: A high return deposit can encourage consumers to recycle packaging waste, as the consumer will be more likely to take the time to return their empty containers if they know they will get their money back.
- A readable sorting code supplemented with a QR code will be able to help the consumer, returning machines and the recycling company with correct sorting, which will be able to streamline the recycling process and increase the quality of the recycled material.
25. How can the universal new tax system UnTS spread and strengthen welfare in all areas of the country?
- The spread of welfare to all regions is important in order to achieve an increase in overall welfare in the country. All areas of the country depend on startup initiatives to achieve greater prosperity.
- The universal new tax system UnTS addresses startups and welfare development projects, with simplified and free tax administration that can be implemented so that entrepreneurs can administer their business in real time from a smartphone, tablet or desktop PC, removing one of the biggest barriers for the startups and entrepreneur, both in terms of time and money
26. Does the universal new tax system UnTS have the potential to transform the tax compliance landscape globally?
- Answer: Yes, the implementation of the universal new tax system UnTS has the potential to transform the global tax compliance landscape by leveraging AI to streamline real-time tax settlement. It promotes efficiency, transparency, and fairness, minimizing the waste of resources associated with tax evasion and enforcement.
The universal new tax system UnTS is a Project as is in the idea phase and under development, therefore feedback from stakeholders is needed: We need your judgment and expertise, which is characteristic and relevant to your country and culture, so that the universal new tax system UnTS can be continuously evaluated and improved. Please send your suggestions and comments to the universal new tax system UnTS‘ Project, mailto: XS@Xsecure.dk
