News for hackers. Stuff that matters.

A comment on Cleaning New York's harbor with one billion oysters. Parent comment

Re:Cleaning New York's harbor with one billion oysters by dtech on Monday January 21, 2019 @11:45AM (#18961513)
It's bad for the cities as a whole because it's a zero sum game, if you attract a company with tax cuts that's a loss on some other city

The EU does this better. EU courts can deem a tax break state aid and require the company to pay back taxes. This disincentives states competing against each other on tax revenue.

[ Parent | on HN ]
Re:Cleaning New York's harbor with one billion oysters by thaumasiotes on Monday January 21, 2019 @06:51PM (#18964766)
To the extent that the taxes impose a deadweight loss, competing tax incentives are a positive sum game, not a zero sum game.
[ Parent | on HN ]