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> This is the eternal objection to measures like this. But if every city and every state implement this, where will they go? To another country. The world is a
by forest_dweller 6y ago
> This is the eternal objection to measures like this. But if every city and every state implement this, where will they go?
To another country. The world is a big place, there are also a number of tax havens that are relics of the British Empire, there will be other countries which will quite happily have large tech business move there.
None of these measures have the intended consequence (usually the opposite happens). All it ever does it make it look like the politicians are doing something.
- toyg 6y agoI keep waiting for the tech scene to explode in Grand Cayman or something, but it doesn't seem to be happening for some reason. It's all just lawyers and scammers.
- forest_dweller 6y agoGibraltar has plenty of tech companies for financial and gambling. Singapore is the same but I am not sure about how the tax works there. In any event I am not saying companies will move there necessarily (it was just an example I took off the top of my head) but they will move parts of the business around to be tax efficient. I do it with my own tiny business to be tax efficient. As I said the world is a big place and companies will just move somewhere else if they deem it to be worth the move.