5 ms·
How are developing countries going to catch up with developed ones if they agree on the same tax policies?
by bitL 5y ago
How are developing countries going to catch up with developed ones if they agree on the same tax policies?
- sbacic 5y agoThey won't and I'd argue that that is part of the plan.
- onlyrealcuzzo 5y agoChina didn't need to have ridiculously attractive taxes to catch up. Corporate taxes in China were ~33% when it was growing the fastest. Just having a low-cost labor force and scale and global politics not being anti-offshoring was enough. As China becomes more expensive, I'm not sure why Indonesia, Nigeria, Pakistan, Egypt, and/or Vietnam couldn't do something similar. India seems to be in that process. Unfortunately, if you're a small, poor country like Western Sahara - I don't think tax policies are enough to move the needle.
- doomroot 5y agoChina should be the exception in all cases. The don’t exactly act in a democratic or open way.
- nicoburns 5y agoProtectionism.