Doesn't this do exactly what it's not designed to do - i.e make multinationals leave G7 countries and shop for lower taxing countries? Sounds like it's almost

Doesn't this do exactly what it's not designed to do - i.e make multinationals leave G7 countries and shop for lower taxing countries? Sounds like it's almost a tarrif, and we've got ample evidence that the country that imposes a tarrif on itself is the country that ends up paying for it in the long run