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Comment by ajkdhcb2 | Hacker News Reader

A few countries agreeing on a global law. Sounds to me like "USA and UK agree that China should do X". Good luck enforcing it and closing all loopholes when there are powerful people that don't want that. Empty political talk to make it look like they are trying

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China’s tax rate is considerably higher than 15% and they also don’t want their industries to be competing against companies who are cheating the tax man.

I just wanted to show how silly is sounds that some ally countries think they can enforce actions on other countries

Isn't the literal definition of 'allies' a group of countries which pool their military resources to compel other countries to act how they want? I don't see the contradiction

This happens all the time, see e.g.: https://en.wikipedia.org/wiki/Brussels_effect

Of course you're free to ignore it, if you don't care about hundreds of million potential customers.

It links to the opposing effect too: https://en.wikipedia.org/wiki/Race_to_the_bottom

So it isn't that simple when it is something like this. So far history shows that tax havens work and the loop-holes are very challenging to close.

This legislation is directly aimed at preventing a race to the bottom, because societies (represented by their governments) realized that they are getting played by extranational entities if they act alone.

> Good luck enforcing it and closing all loopholes when there are powerful people that don't want that

They are, essentially, agreeing to police their imports from world wide countries/companies; which makes them able to enforce it.

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