alt Hacker Newseh, other countries can improve their offering. It's a good thing. We punish companies when they collude to keep salaries low. So too should countries compete with attractive tax packages.
eh, other countries can improve their offering. It's a good thing. We punish companies when they collude to keep salaries low. So too should countries compete with attractive tax packages.
> eh, other countries can improve their offering.
Or they could use coercive measures to punish the countries undercutting them. There is no world police after all to prevent them.
A big reason why capitalism works is 2 factors: its easy to start competitors and established players are not allowed to shoot up and coming companies. Neither apply to countries.
I'm not arguing about whether its a good thing or not, just that it is the way the world works. Whether or not Ireland's policies are a good idea depends on how much value they capture vs how much value they lose due to their consequences, chief among them being the strain such policies can put on foreign relations & trade.