Finally, unlike old companies, young tech companies were designed from the very beginning to play with international tax competition and bring down their taxes to the lowest level, thus making painful and risky business restructuring unnecessary.

FORBES: Corporate Tax 2.0: Why France and the World Need a New Tax System for the Digital Age

This is why there is no international standard on tax evasion or tax competition along the lines of international standards on bank regulation or fighting financial crime.

ECONOMIST: All together now | The

But at the same time he wants to set up international tribunals to rule on unfair tax competition, for example, or health standards.

ECONOMIST: Globalisation