A high corporate tax rate forces multinational corporations to move their headquarters overseas in order to stay price competitive with other multinational corporations, i.e. a “race to the bottom.” The U.S. had the highest corporate tax rate in the world until President Trump reduced it to a more competitive level.
Global Minimum Tax = Bad
Global Minimum Tax = Bad
Global Minimum Tax = Bad
A high corporate tax rate forces multinational corporations to move their headquarters overseas in order to stay price competitive with other multinational corporations, i.e. a “race to the bottom.” The U.S. had the highest corporate tax rate in the world until President Trump reduced it to a more competitive level.