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if you bring down the corporate tax rate to 0 in your country, nobody can arbitrage against you (unless they actually provide subsidies to get to a negative tax rate).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Sun Sep 21st, 2008 at 02:07:38 PM EST
[ Parent ]
They can arbitrage by having a lower rate of limited liability levy.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sun Sep 21st, 2008 at 02:08:28 PM EST
[ Parent ]
But.

Liability limitation insurance is something that can be handled on a national basis.  So that Swiss RE can only issues policies on liability in the US through its US subsidiarity.  So if you can create walls for liability limitation at the national border, then in order to enter a market, a company must agree to the levy as the price of admission.

And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg

by ManfromMiddletown (manfrommiddletown at lycos dot com) on Sun Sep 21st, 2008 at 02:41:08 PM EST
[ Parent ]

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