It links to the opposing effect too: https://en.wikipedia.org/wiki/Race_to_the_b... | Hacker News

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ajkdhcb2 on June 5, 2021 | parent | context | favorite | on: G7: Rich nations back deal to tax multinationals

It links to the opposing effect too: 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 on June 5, 2021 [–]

This 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.

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