Total Economic Activity Levy (T E A L)
TEAL is a simple form of taxation intended to replace all other forms of taxation. There can be ONLY ONE TAX! By broadening the tax base to be all inclusive, the actual level of the tax (the percentage levied) can possibly be kept to below 1% of a country’s economic activity or the deposits and payments reflected in the country’s bank accounts. TEAL is levied within the banking system, by the banks, who are the instrument for collecting TEAL.
There Can Be ONLY ONE TAX