Why is there no race to the bottom in capital taxation

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The politics of policy diffusion (2019, background): “…research has analysed the conditionality of international and subnational tax competition by showing that several political, fiscal and institutional factors constrain a race-to-the-bottom (Hays 2003;Basinger & Hallerberg 2004; Plümper et al. 2009; Wasserfallen 2014; Gilardi & Wasserfallen 2016).”
Model specification in the analysis of spatial dependence (2010, background): “Indeed, ‘taxes on mobile capital continue to be the rule rather than the exception’ (Plümper et al. 2009).”
The Economic Origins of Democracy Reconsidered (2012, background): “Addressing the discrepancy between theory and evidence, Plümper, Troeger, and Winner (2009) argue that fiscal rules and equity norms (measured by Gini coefficients) put upward pressure on capital tax rates and revenue.”