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If you can offer companies a lower tax than other jurisdictions with the same level of service, why isn't it earned?
by dash2 1y ago
If you can offer companies a lower tax than other jurisdictions with the same level of service, why isn't it earned?
- anovikov 1y agoExactly my thought. It is not based on 'ability to hide money from taxation' or anything like that. Just in lower corporate tax rate (even then, it's lower still in Bulgaria and Hungary and yet those countries don't have much to show for that). Also we have tax exemption on dividend income for individuals, but again, plenty of countries have that, it's more of a norm than an exception (no country could hope to attract any high middle class or rich immigrants unless it provides that, it's a baseline expectation).
- LunaSea 1y agoAnd selling golden passports to Russian oligarchs until 2020.
- tossandthrow 1y agoBecause paying lower taxes is not a productive activity. It is quite plain a simple. It is an extractive activity. In particular, the taxes being paid in these jurisdictions are not earned in them - which makes it even worse.
- arresin 1y agoWait paying lower taxes is extractive?
- tossandthrow 1y agoYep, when it is paper money being transferred from other jurisdictions with the sole purpose of reducing the tax bill. Thisnis not rocket science? Why all the lobbying?