"Harmonised tax system" makes it sounds so nice and useful, let's rather call it what it actually is: A race to the bottom, without an actual bottom. It's not

"Harmonised tax system" makes it sounds so nice and useful, let's rather call it what it actually is: A race to the bottom, without an actual bottom. It's not just zero tax, in some cases they are literally handing out incentives, at the expense of the remaining taxpayers.