Yeah, I was commenting on this for a few years now. It's just obvious corporate tax on profits is one the worst taxes you can come up with. It imposes big regul

Yeah, I was commenting on this for a few years now. It's just obvious corporate tax on profits is one the worst taxes you can come up with. It imposes big regulatory/accounting burden. It's completely impossible to police/enforce fairly (who the government officials are to decide if buying this licence from a Cyprus based company is worth 20 million or 30 million). It encourages behaviors we don't want (ballooning costs by hiding compensation as various perks). It makes it easier to go around for bigger players while being a disproportionately bigger burden for smaller players. It's not really race to the bottom. It's just a terrible tax.