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If one state didn't offer a tax break, then another would and win the business. There are 50 states, and most of them compete for businesses with tax incentives
by christopherwxyz 8y ago
If one state didn't offer a tax break, then another would and win the business. There are 50 states, and most of them compete for businesses with tax incentives fairly competitively.
- kalleboo 8y agoThis is why the EU has laws against this kind of race to the bottom between nations
- ovatsug25 8y agoCan you elaborate on these laws?
- kalleboo 8y agohttps://en.wikipedia.org/wiki/EU_illegal_State_aid_case_against_Apple_in_Ireland https://en.wikipedia.org/wiki/EU_illegal_State_aid_case_agai...
- bunnycorn 8y agoAnd so far... nothing has happened but yellow journalism. Apple is always "going to pay", but they never did (and wouldn't make sense in any way), and Ireland also haven't paid and it doesn't look like it is.
- biztos 8y agoSomebody better tell Ireland...
- purple_ducks 8y ago> This is why the EU has laws against this kind of race to the bottom between nations No, it doesn't. Every country in EU sets it's own corporate, sales & income tax rates. as well as _EVERY_ other rate. Every country in the EU can & does offer incentives & future tax payment agreements to companies who meet certain conditions. These are not inter-EU agreements nor do they need prior approval by any EU establishment.
- rectang 8y agoThis is only true because there are always officials in some other state willing to take bribes (in the form of campaign or allied PAC contributions). It is possible that the bribe-for-tax-breaks exchange actually provides benefit for the community, but that's not necessary for the transaction to take place.