No, I’m here to investigate the tax authority, which is called TAKS.
The Faroes have a tax system that is unique even among their Nordic neighbors, and probably the best in the world. Its operating principles are centralization, efficiency, and simplicity. It’s not the most riveting subject for a travel holiday, I’ll readily admit. But it’s beautiful in its own way—and it makes a major difference in the lives of every Faroese person, from the lowest worker to the owners of the biggest businesses. It’s hard to imagine fully implementing such a system in the United States, but we still might learn from their example.
So, it’s all computerised, automatic, works.
It also covers 54,000 people. Our little reporter seems to think that this – something hugely subject to Bjorn’s Beer Effect – might translate to something useful for a nation of 360 million people.
Isn’t that just soooo cute?