Re:Cleaning New York's harbor with one billion oysters
by cataphract on Monday January 21, 2019 @07:55AM
(#18960037)
Exactly. Thankfully in Europe, some of these deals can be deemed illegal state aid and the companies forced to give back the money they saved on taxes, if the state given advantage distorted the trade between Member States.
Re:Cleaning New York's harbor with one billion oysters
by armenarmen on Monday January 21, 2019 @03:08PM
(#18963183)
> Cities competing for businesses is a net loss to the tax payer.
Sure, if the taxpayer exists as an abstract concept. Not when the Taxpayer is a sandwich seller near the new company’s office. Or when the Taxpayer is given a new job at the company. Or when the Taxpayer is the family that can now rent out its mother in-law unit more easily
Re:Cleaning New York's harbor with one billion oysters
by chii on Monday January 21, 2019 @04:49PM
(#18963933)
> Not when the Taxpayer is a sandwich seller near the new company’s office. Or when the Taxpayer is given a new job at the company.
these are not tax payers - these a private individuals.
Why should the sandwich seller from the bronx not be able to benefit from the city's policies, where as the sandwich seller from jersey does under these policies?
i would say that's unfortunate rather than fortunate.
Cities competing for businesses is a net loss to the tax payer. If a business is to build a new HQ or invest, they should do it on the merits of their business needs and general condition applicable to all businesses.
If a particular company gets an unfairly good treatment, then it's very anti-competitive for other businesses. Why should tax payer shoulder any burden for a private business specifically, rather than building general infrastructure that benefits all businesses?
> If I'm Detroit and I want to rebuild my collaped city ... offer up incentives such as tax breaks for businesses
that would be great - if it was a general tax break, rather than a tax break targeted at specific companies that others can't gain access to.