So basically the Laffer curve? [0] It's definitely an intuitively appealing idea, but the point at which government revenue is maximised might occur at a much h

So basically the Laffer curve? [0] It's definitely an intuitively appealing idea, but the point at which government revenue is maximised might occur at a much higher tax rate than you think (if the empirical work in this area is to be believed, which is a tenuous proposition either way). Also worth remembering that the government revenue maximising tax rate is very unlikely to be the economically optimal tax rate. At any rate, barring some kind of international agreement on minimum corporate tax rates (which seems unlikely), there will always be incentive for governments to lower corporate tax rates to attract foreign capital (though I think the argument is less strong in the case of the US compared to a smaller open economy). [0] https://en.wikipedia.org/wiki/Laffer_curve https://en.wikipedia.org/wiki/Laffer_curve EDIT: rate...