3 ms·
If everywhere had the same tax levels, why would anyone bother to be resident anywhere other than the London/New York/Tokyo. A tax cartel probably won't happen
by calpaterson 13y ago
If everywhere had the same tax levels, why would anyone bother to be resident anywhere other than the London/New York/Tokyo. A tax cartel probably won't happen - it is against many governments' interests.
- sgift 13y ago> A tax cartel probably won't happen - it is against many governments' interests. This is a variant of my argument. I may add: It is against many governments' _perceived_ interests. I do not think that a race to the bottom (Come here, 15% tax! No, here 10%! No, here 5%! ...) will help any government in the long term. So far, I seem to be correct.
- calpaterson 13y agoNo, it's against their actual interests. As I said above, if all countries charged the same tax level, no one would bother to reside in the ROI for tax purposes. Ireland has a strong interest in tax competition. Whatever money they gain from Apple is money they wouldn't have otherwise.
- nknighthb 13y ago> If everywhere had the same tax levels, why would anyone bother to be resident anywhere other than the London/New York/Tokyo. My question is, why would I ever want to be resident in any of those places? Never in my life have I ever considered living there. I barely tolerated San Jose for 9 months before I moved to Santa Clara. There are plenty of reasons to live outside megacities, taxes are way down on the list.
- calpaterson 13y agoIf you're a huge multinational, megacities have a lot of advantages.
- endtime 13y agoBecause the cost of living (food, residence, etc.) would go up to match demand?
- calpaterson 13y agoI'm talking about residence for tax purposes, not real residence.
- endtime 13y agoBecause the cost of living (food, residence, etc.) would go up to match demand?