4 ms·
One of my favorite examples: my Dad worked at a F100 company, and they moved a large group of employees to a new office building. That office building was taxed
by xur17 3y ago
One of my favorite examples: my Dad worked at a F100 company, and they moved a large group of employees to a new office building. That office building was taxed in a special "opportunity zone" that gave the employer tax credits while the employees got stuck with a new higher local income tax.
- toomuchtodo 3y agoFundamentally, the problem is that the worker should be given incentives to bring their income to an area. This allows a community to diversify economically, vs handouts to large corporations who will continually wield their business contributions against a jurisdiction to continue to obtain substantial tax breaks or other economic concessions, and when they finally leave, they do substantial harm to the community. As a community, you then cater to workers to draw and keep them there (not maliciously, simply providing high quality of life like a community should), and they will continue to contribute to the community by way of their spending from income (on taxes and consumption) for their productive lifespan.
- robertlagrant 3y ago> Fundamentally, the problem is that the worker should be given incentives to bring their income to an area This can be done naturally, if local government intervention is low, so there's more money for local businesses to spend, or unnaturally, if local government intervention is high, so local businesses have less decision power, and the local government spends that money on infrastructure for companies coming in who pay less tax.