A “beggar-thy-neighbor” taxation policy, by which one country pursues tax policies at the expense of others, is just as dangerous as beggar-thy-neighbor monetary policies based on competitive currency devaluation. It leads to misallocations – and will ultimately reduce prosperity around the world.
&nbsp;“以邻为壑”税收政策&mdash;&mdash;一国牺牲他国追求自身税收政策&mdash;&mdash;与基于竞争性货币贬值的以邻为壑货币政策同样危险。它导致配置不当&mdash;&mdash;并最终会影响全球繁荣。