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Because how else can a city compete? Look at the number of Caribbean islands which are known to be “tax havens”. Besides offering virgin beaches and piña colada
by whb07 8y ago
Because how else can a city compete? Look at the number of Caribbean islands which are known to be “tax havens”. Besides offering virgin beaches and piña coladas (which other places can also offer), they can also advertise favorable taxes and rule of law to lure foreign capital in.
tldr: “better to have a smaller % of something than 100% of nothing”.
- dvfjsdhgfv 8y agoWould Amazon really risk offshoring HQ2 to the Caribbean? I doubt it. And if tax reductions are disallowed, the cities have to "compete" on other metrics. Otherwise we'll soon hear that cities pay Amazon to pick them up.
- whb07 8y agoI never said Amazon would be considering a Caribbean island as a potential candidate. I think you missed my general point. What does a company do when trying to gain your business? They can compete on price or quality/service. In this case the local city governments are competing in price, especially those that cannot offer the education like that of Boston for example.