A project of the
Institute for Policy Studies

Ending the Global “Race to the Bottom”

Even as the Apple Corporation is being roundly criticized for using its Irish affiliates to avoid paying billions in US taxes, officials continue to call for lower corporate taxes to make the United States more “competitive.” The cause of this seeming disconnect: a worldwide “race to the bottom” in which nations compete to attract capital investment, typically by cutting corporate tax rates, dismantling regulations and driving down wages.

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The Economic Elephant Unemployment is still high and job creation hasn't made a big dent this many years into the so-called recovery....