in practice the ordering of these rules ensured that most of the revenue would be collected either by the home countries — mostly major advanced economies — or by tax havens like Ireland, Switzerland and Singapore, which have merely raised their extraordinarily low tax rates to 15 percent.Moving from a world with no minimum tax to one with a 15 percent floor would seem to be a step forward, but there was always good reason to worry that such a low minimum would become the new standard — that a reform designed to raise the bar would actually end up lowering it. And as developing countries rely relatively more on corporate-tax revenue, it was foreseeable that they would be the biggest losers
reinforces global inequities... [non-]inclusive ... [un]sustainable
