The UK practically waged a tax war against other countries to attract investment. Both countries’ experiences have demonstrated that substantial reductions over a short period are far more effective than a gradual, drawn-out process.
四分之一世纪前，英国和德国的公司税都高于日本。但此后它们认识到了降低税率的价值。英国事实上掀起了一场吸引投资的税收战争。两国经验表明短期大幅降低税率远比长期缓慢下调更为有效。幸运的是，安倍准备效仿英德先例。