Lithuania will have to compete not with low taxes, but with a good labor force, which is now fleeing Lithuania from Landsbergiai family despotism

 "The administration of American President Joe Biden wants to collect more taxes from America's multinational corporations. It wants to raise the corporate income tax rate from 21 to 28 percent and the minimum tax on foreign profits to 21 percent. 

So that American corporations do not suffer a disadvantage in international competition, the Treasury Department with Janet Yellen should  persuades her counterparts in the G20 to follow suit: G20 brings together the economically strongest countries, which represent around 80 percent of global economic output. 

No wonder that the arriving substantial negative position of American corporations in tax level creates the desire to eliminate international tax competition. The OECD recently outlined proposals for a global minimum tax, which, however, appears to be significantly lower than the American proposal. It is not a foregone conclusion that other countries with low corporate taxes will now agree to Yellen's move. Some ended up cutting their tax burden to stimulate investment. Germany, on the other hand, which is a high-tax country in an international comparison of tax rates, is warming up for the proposal. It dampens the incentive to relocate to tax-privileged countries, explained Gabriel Felbermayr, outgoing head of the Kiel Institute for the World Economy."