Ish: Income tax is a drop in the ocean in the world taxes. The taxes you are really interested in are Corporation Taxes. If all companies pay the Taxes they owed to the Governments of this world, rather than private accountancy firms, we could basically cure world-hunger, end poverty and set up a self-sustaining welfare state (heck and get rid of income tax to boot); unfortunately, they do not and we live in a world based on the princple of racing to the bottom.
This is where each company which try and make it s corp-tax the most attractive in the world so that companies choose to base themselves in that country for tax purposes. It is based on the cynical and self-defeating principle that it is better to get a small piece of any pie, than no piece of the big pie.
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