Sentence:  It is time the international community <WSD>faced</WSD> the reality: we have an unmanageable, unfair, distortionary global tax regime. It is a tax system that is pivotal in creating the increasing inequality that marks most advanced countries today [...]. 
Meaning of the word marked with <WSD> tags:  To deal with (a difficult situation or person); to accept (facts, reality, etc.) even when undesirable.