Pamela Ligouri Bunker and Robert J. Bunker
Small Wars Journal
30 June 2021
For many years, multinational corporations have been playing revenue starved liberal- democratic states off against one-another in a ‘race to the bottom,’ driving tax rates down, leveraging tax havens, and engaging in complex transnational tax avoidance schemes. In response to these ongoing corporate profiteering excesses and attempts at achieving extra sovereign impunity, the finance ministers of the G7 states recently gathered together in London and reached an historic agreement on a global minimum corporate tax rate.