“A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.”

Henry Paulson is an American economist and former U.S. Treasury Secretary. He is best known for his leadership during the 2008 financial crisis, guiding the implementation of the Troubled Asset Relief Program (TARP) to stabilize the financial system. His career spans Wall Street, government, and corporate boardrooms, marked by a focus on economic policy and crisis management.