re: G7 backs Biden's sweeping overhaul of global tax system

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Part 2: Generally anti-treaty

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Then you're generally not "OK with tax havens." I get the sense you'd just as soon not have a corporate income tax or at least keep the rate at a single digit.

I get it. You'd lower rates (vs creating obscenely complicated tax law) to neutralize the effects of base erosion and profit shifting, but we both know how unlikely that is to happen. Given that low probability, is it really preferable to cede tax revenue elsewhere, particularly jurisdictions that encourage little to no substance of operations?