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The "application of law > tax policy" seems like a true observation but may not be causal (just look at the massive amounts of corruption in India... and, come
by lincolnq 14y ago
The "application of law > tax policy" seems like a true observation but may not be causal (just look at the massive amounts of corruption in India... and, come to think of it, pretty much every developing country)
That said, I suspect that it is causal on the macro scale. Corruption is rampant in those countries and it turns entrepreneurs off because it's too hard to get anything done without being buddy-buddy with the fat cats. America isn't anywhere near that bad -- it's kind of the opposite, where entrepreneurs fear regulation, more than they fear corruption. From what I've seen, anyway.