The irony. Governments around the world are desperate to raise tax and Ireland reportedly does not want the billions Apple must now pay it as a result of its tax ruling breaching EU rules. The modern world affords great flexibility on where companies do business and favourable tax regimes have evidently benefited.

The OECD has already responded with the ‘Pillar II’ global move to a 15% minimum effective tax rate for the largest companies. Whether that stops tax competition or changes the goal posts remains to be seen.

Problem is, flexibility doesn’t end there. Post pandemic, a new generation of highly paid and skilled workers are among the most taxed and the most mobile. They are encountering some governments seeking every way possible to tax them more whilst other governments are enticing them with sweet deals. Their likely choice is a sobering thought for any Finance Minister. Will they pay more or up sticks?