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Global race to attract high earners threatens governments’ tax revenues

Pandemic-driven rise of digital nomads spurs nations to offer relocation incentives

Just as the global race to the bottom in corporate taxation is ending, a new threat to governments’ tax revenues is emerging in the form of countries competing to lure high-earning remote workers.

Governments recently agreed a deal to introduce a minimum rate for the world’s largest corporations but, as officials hammer out the details, the pandemic has turned many well-paid individuals into transient nomads.

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