If the Australian Institute’s analysis of company tax cuts is to be believed, European Union member states must be rubbing their hands in glee at the extra tax revenue that will flow to them because of Britain’s plans to cut its company tax rate to 15%.
Their analysis is a company tax cut in Australia, or in this case Britain, will simply mean more taxes will be paid in the home country of the foreign investing owned company when it repatriates dividends.
Ireland was relentlessly bullied over its 12.5% company tax rates by the rest of the European Union. Facts speaks louder than words and the Australia Institute economic analysis.
You do wonder why losing finance ministers complain about lowering of company taxes as a race to the bottom. They are complaining because they are losing foreign investment to lower company tax jurisdictions.
Utopia, you are standing in it! 
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