Wow....if we got rid of this and income tax. Why would I go live in a European country and pay their taxes?
Discussion
The order doesn't hint at getting rid of taxes, it even says the US should identify other countries engaged in "harmful tax policies", meaning it's very much "let's make sure everyone is taxed", it just making sure global bodies don't dictate US taxes.
Sure, but combined with another piece of legislation on income taxes, it could make it considerable more expensive for me to move abroad.
Currently I guess I'd pay 10-15% more living in Europe, however if the US shifted the tax burden to tariffs, costs would rise in the US but my take home would be more. Moving over to Europe on the same US wage but paying local taxes would likely make the 10-15% increase more like 40%.
Game theory wise, why would I do that? It was an appealing idea at 10-15%.