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The article says it’s designed the opposite: > Cormann said that once there was a critical mass of countries imposing a minimum level of corporate tax on profi
by javagram 4y ago
The article says it’s designed the opposite:
> Cormann said that once there was a critical mass of countries imposing a minimum level of corporate tax on profits generated in their jurisdictions, it would be very hard for other countries not to follow.
> He explained: “Essentially you leave money on the table for other countries to collect, if you don’t align yourself to that global standard.”
Sounds like how it would work is if your country tries to become a tax haven, the US and EU just take the money instead?