4 ms·
Thanks, I see the similarities now. I think the system will work only as far as you have power players that are able to punish everyone who gets out of line -
by felipeko 9y ago
Thanks, I see the similarities now.
I think the system will work only as far as you have power players that are able to punish everyone who gets out of line - by racing to the bottom and driving profits out as a punishment [1].
That's exactly what I think complaining countries should do. They're not getting any revenue now, so they are able to power play Ireland into fair taxation, and the system will be as stable as their possibility to do so. If you take into account that any country cheating will take revenue away from others (thus their reason for a high tax), they should always be able to counter, as they are now.
[1] https://www.nytimes.com/1988/11/03/business/saudis-use-pain-to-pressure-opec.html https://www.nytimes.com/1988/11/03/business/saudis-use-pain-...