Supposedly American multinationals said they would "create lots of jobs" if given a big tax cut. But now that they think they can actually get it, they are saying they will give the money to their stockholders instead.

Letting businesses abuse workers and the public treasury in your country can sometimes convince businesses to move jobs there from other coutries. If only one country do this, it gets an economic boost (though probably little trickles down to the now increasingly mistreated workers).

But when countries in general join this competition, it becomes a policy of "beggar thy neighbor" which ultimately benefits businesses at the expense of all countries.