[ajkdhcb2]

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]

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.