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> this directly implies no member state has agency to lower their own taxes as much.

Two words: Dutch Sandwitch

Because it’s one market, unless countries coordinate, you get massive tax loopholes with profits being shifted to tax heavens.

Practical implications override hypothetical concerns

https://en.wikipedia.org/wiki/Dutch_Sandwich



Hence why a lot of European companies have incorporated in the NL in the last couple of decades.




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