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The Importance of Ring Fencing in Tax Competition
It's been 10 years of extremely hard work. What went well to respond to your question is it happened. Imagine 10 years ago that I would have said that the countries were going to have a global minimum tax of 15% effective. It was like 20 years ago saying that bank secrecy would come to an end. Nobody would believe it. So it happened. The fact that you have 137 countries which approved, actually it's more than that because those, I mean the Kenyans and Nigerians and Sri Lanka and I guess that- There could be others Which didn't join. Right.