Re: why not
@jmch
"The practice is, it doesn't matter how much UK / US reduce their tax because as long as Bermuda etc are effectively zero-tax"
Of course it does. if the tax rate is high enough to pay an accountant to move the money and leave a healthy profit then it is worth the cost of the accountant to do it. The value to zero tax places is the money goes there. They get the benefits of the money we dont want because we push it out of the country.
"they play nations against each other and reap the benefits."
This is terrible behaviour. As bad as those horrible people who dont shop at harrods or waitrose etc because they prefer to pay less for their tin of beans. Those selfish people not thinking of the profits of their betters but instead looking to reap the benefits of not being ripped off.
"Since it's impossible for all nations to reach tax consensus"
That would be a cartel. Except we are talking about governments doing it so its the same thing but we dont call it that.
Tax is not a good thing. There are necessities which require taxation but tax is not a good thing. Tax removes productive resources from the economy. So it must be used carefully.
Biting the hand that feeds IT
