4 ms·

How is that? Does US has sweetheart deals with EU companies? I highly doubt.

• deleted 10y ago
  [deleted]
• twoodfin 10y ago
  Of course it does. Volkswagen has gotten hundreds of millions of dollars worth of incentives from the state of Tennessee for its Chattanooga plant, for example. http://www.timesfreepress.com/news/business/aroundregion/story/2014/jul/15/state-local-governments-boost-incentives-to-lure/252206/ http://www.timesfreepress.com/news/business/aroundregion/sto...
  • themihai 10y ago
    I think it's a bit different because it looks like an investment from the government(i.e. public-private partnerships) not a tax break.
    • qaq 10y ago
      "Combined with other property tax breaks, TVA incentives, road projects and other potential tax credits, Volkswagen could qualify for more than $300 million of grants" what is different about this?
      • themihai 10y ago
        Indeed that's the case though I can't say that I agree with them. The main reason is because these 'special' deals stifle competition and I think that's what the EC rule is all about. I guess it's legal in the US but that doesn't make it "right"(at least in the EU) so I don't mind if the US would tax EU companies more. It would be a win-win for the most of the citizens(EU and US).
        • qaq 10y ago
          It would be Net loss for EU.
          • themihai 10y ago
            I think it would be a win for ordinary citizens(both EU and US) and perhaps each individual state too(unless you consider tax a bad thing) because the taxes help the governments to develop the infrastructure(i.e. schools, logistics etc) thus they can create more value. I have doubts that these MNCs help the society that much to be eligible for these tax breaks. They are not charities... The loss for the EU as a economic partner is negligible.