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"Corruption" is a strong word here. Tax Abatements are a long, well understood practice that's been leveraged by city/state/federal governments for decades to
by tiffanyh 2y ago
"Corruption" is a strong word here.
Tax Abatements are a long, well understood practice that's been leveraged by city/state/federal governments for decades to incentivize desired outcomes.
Look at Electric Vehicles (EV's)
Both California and Federal government were giving tax incentives for individuals who purchase an EV.
This tax abatement was used to incentivize the adoption of EV's.
Is that "corruption?
Absolutely not.
- Sakos 2y ago... Isn't it?
- pyrale 2y agoApple and Ireland maintain that is no record of "a deal", yet Apple paid 1% of what the law says they owed. The only beneficiary of that favourable situation is Apple. Let's be honest, if this happened in any "less reputable" jurisdiction, Apple would definitely be under FCPA scrutiny. > Tax Abatements are a long, well understood practice Yeah, the kind of "tax abatement" that is available only to a select few.