About That Tax ‘Race to the Bottom’ - WSJ Opinion

The aim is to insulate governments such as France and Germany that find pro-growth tax reforms to be politically difficult, while making it harder for the Irelands of the world to compete with tax policy.

I didn’t find Yellen’s op-ed earlier this week convincing. Tax is one of the few areas where nations can actually compete for business. Why shouldn’t a small island-state like Ireland have an additional tool to fight it out with continental opponents like France and Germany?