In Europe, where tax systems are more efficient, one option would be to shift more of the burden from income to property, which would collect more from the rich but have less impact on their willingness to take risks.
When tax systems discriminate between companies of the same size carrying on tile same line of business then, by definition, we do not have a level playing field.
By redistributive policies, we really mean our progressive tax system and social insurance policies, like transfers towards lower income households, including food stamps or cash transfers.
Panama's government reacted angrily earlier this week when the Organization for Economic Cooperation and Development criticised it for failing to clean up its tax system.