> capital from fleeing to lower-tax locales (e.g. Cayman Islands) I don't think the problem is the Cayman Islands, although it's the one people think of. Inst

> capital from fleeing to lower-tax locales (e.g. Cayman Islands) I don't think the problem is the Cayman Islands, although it's the one people think of. Instead, take a look at the places that the big multinationals choose to put their overseas revenue through. This side of the Atlantic two high on the list would be Luxembourg and Ireland. Then look at the corporation tax rates in those jurisdictions[0]. [0] https://ec.europa.eu/jrc/sites/jrcsh/files/jrc104157.pdf https://ec.europa.eu/jrc/sites/jrcsh/files/jrc104157.pdf