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The difference between individual incentives and corporate loop holes is that the incentives were put there to encourage certain type of relatively beneficial b
by dbingham 16y ago
The difference between individual incentives and corporate loop holes is that the incentives were put there to encourage certain type of relatively beneficial behavior.
The loopholes were placed there often at the behest of the corporations they benefit. Corporations have far more ability to influence governments than individuals due simply because they have far more money. Money is power. More power, more responsibility. Google has pledged to be responsible. Taking advantage of the irresponsibility of its peers is not responsible.
- sokoloff 16y agoHow about corporate loop holes of the form "We'll give you a tax break [or low interest loan, or other incentive] for the next 10 years if you agree to locate some of your operations here, with the understanding that you'll be employing XX people here over the next 5 years"? The jurisdiction offering that "loop hole" is encouraging what many people would agree is beneficial behavior (encouraging local employment). The jurisdictions standing to lose that (current or prospective) employer may see it as unwelcome competition, but I'd rather permit jurisdictions to compete freely, such that each local government can tailor its services and governance/taxation as it believes will best serve its consituent population. Beyond simply believing that such a system is "proper" and "right", I don't think any other system is "stable". Should California be able to dictate that Nevada CANNOT pass a certain type of law or adopt a certain taxation structure? Should they be able to do the same to Ireland? If so, under what theory of law or even theory of basic fairness?