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It links to the opposing effect too: https://en.wikipedia.org/wiki/Race_to_the_bottom https://en.wikipedia.org/wiki/Race_to_the_bottom So it isn't that simple
by ajkdhcb2 5y ago
It links to the opposing effect too: https://en.wikipedia.org/wiki/Race_to_the_bottom https://en.wikipedia.org/wiki/Race_to_the_bottom
So it isn't that simple when it is something like this. So far history shows that tax havens work and the loop-holes are very challenging to close.
- Schlaefer 5y agoThis legislation is directly aimed at preventing a race to the bottom, because societies (represented by their governments) realized that they are getting played by extranational entities if they act alone.