Quote Originally Posted by Montmorency View Post
The article describes great strides made in international regulation of transparency in banking, but identifies two deficits:

1. Real estate regulation loopholes, exemptions, and special treatment.
2. The failure of the United States to hold itself to its own international-legal standard (this seems like a problem the US has in a lot of domains).

Going by this -

it would actually be surprisingly easy to crack open the current tax haven system if the US would cooperate and abolish itself as a tax haven. How funny would it be if half the 'great international effort' needed to rationalize tax policy against the wealthy and large businesses were just down to the United States unilaterally changing a couple policies on paper?

But as the rest of the essay describes, the wealthy work hard to dissipate the political will to do so. Is there a way around this that doesn't depend on literal rhetorical class warfare?
One part of this is the EU's effort to make sure that any company wishing to operate within the EU has to sign up to ATAD. The EU, being one of the economic giants, has the power to do this, even with the US directly opposing it, even with every other economic bloc opposing it. One of the rationales of Brexit is to break up the EU and re-orientate Europe towards the US, hence the obnoxiousness from Brexiteers to burn all the bridges they can so that, even were the British populace to change their mind in the future, Europe would no longer have us back, and similarly with other EU-exit movements.