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The “incentive to compete” is currently “who has the lowest number and the least attentive auditors”
by Jammub 5y ago
The “incentive to compete” is currently “who has the lowest number and the least attentive auditors”
- tastyfreeze 5y agoRight, that would continue to be true. However, now, a corporation can be headquartered in one country to have access to labor and shunt all profit through a subsidiary in a low tax country. They get the benefit of a skilled labor force without paying tax on the profits created by that labor. Fix the tax shelter problem and the incentive for countries becomes "make a labor force worth the tax rate or lower the tax rate".