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race to the bottom

A race to the bottom is when different nations or cities compete, either by lowering taxes, or easing regulation?s to favor potential investors, such as trans-national corporation. Under such conditions, it is predicted that the entire burden of taxation would eventually be shifted entirely onto labour income?

Some related issues: globalization, deregulation?, tax arbitrage?, tit for tat?

Sometimes retributive justice and technological escalation are described in similar terms but rarely with the exact phrase race to the bottom.




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