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A comment on Foxconn to Build $10B Factory in U.S. Parent comment

Re:Foxconn to Build $10B Factory in U.S by dragonwriter on Wednesday July 26, 2017 @09:29PM (#14861941)
Giving $100 million in tax incentives, conditioned on a specific act, requires just as much spending (or more, if the income from the cash payment itself would have been taxable) as giving a $100 million cash payment, with the same conditions, with no special tax treatment.

That people can fail to see this may explain why these deals are politically popular, though.

[ Parent | on HN ]
Re:Foxconn to Build $10B Factory in U.S by refurb on Wednesday July 26, 2017 @09:34PM (#14861962)
There is no cash payment. The alternative to not giving the tax concession is not getting any tax revenue from the company.

Now, if you wanted to complain about companies taking the tax break and not following through, I'd agree with that.

[ Parent | on HN ]