Re:A palm oil alternative could help save rainforests
by fakedang on Tuesday December 15, 2020 @12:37PM
(#25432590)
So you're saying that Malaysia and Indonesia should become tax havens?
The massive corruption and whatnot in these places is precisely what allowed Singapore to thrive (apart from being lucky enough to be located at a strait). Singapore essentially eats away at their GDP to sustain itself. Almost all of the tech scene in Singapore is largely talented folks from Malaysia, Indonesia, Vietnam, India, etc. moving away because SG has a lower tax rate and a very lighthanded bureaucracy.
If corruption in these places was to vanish and doing business made easy (via free zones for instance), Singapore would return to stagnation.
The massive corruption and whatnot in these places is precisely what allowed Singapore to thrive (apart from being lucky enough to be located at a strait). Singapore essentially eats away at their GDP to sustain itself. Almost all of the tech scene in Singapore is largely talented folks from Malaysia, Indonesia, Vietnam, India, etc. moving away because SG has a lower tax rate and a very lighthanded bureaucracy.
If corruption in these places was to vanish and doing business made easy (via free zones for instance), Singapore would return to stagnation.