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You're correct, but I believe the MP was referring to the fact that any such capital assets (e.g. miners/servers) are being purchased outside of Iceland, so no
by otoburb 9y ago
You're correct, but I believe the MP was referring to the fact that any such capital assets (e.g. miners/servers) are being purchased outside of Iceland, so no tax revenue accrues to Iceland (except maybe indirectly in the form of import duties or shipping costs).
- gruez 9y ago>are being purchased outside of Iceland ...as opposed to any other business? if you're setting up any kind of business[1], chances are most of the capital investments won't be goods from iceland. [1] other than ones centered around processing raw resources https://upload.wikimedia.org/wikipedia/commons/7/77/Iceland_Export_Treemap.jpg https://upload.wikimedia.org/wikipedia/commons/7/77/Iceland_...