Lowering taxes to attract FDI is a ‘race to the bottom’: experts (e.vnexpress.net)
Oxfam’s report notes that ASEAN countries are competing with one another by offering aggressive tax incentives to attract FDI from foreign multinationals, which could adversely undermine national tax revenues in the long run. The Report suggests ASEAN countries need to stop such as approach and start improving their business environment instead.
