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On Wed, 28 Jul 2004 12:34:09 GMT, "NOYB" wrote:
"Gould 0738" wrote in message ... You're putting me on here, right? Nope. Boeing wasn't really "going" anywhere. And you know that how? In today's day and age, Corporations aren't usually bluffing when they say they're going to move a plant. As long as it's legal for a states to selectively offer tax incentives (aka--bribes) to certain businesses, the practice will continue. It would take legislation from the Federal level to prohibit the act...and they'll never get involved in a state's right to conduct business and commerce within the state (as they shouldn't). Sure. It's the states competing for future tax revenue. They offer "sweet" deals to attract companies, who will (hopefully) settle there for the long term. Even at the reduced tax rate (Which usually rises over time), the states (and counties) make more tax money than if the company never located there. Corporate tax revenue offsets residential taxes. That's why counties which have a high density of commercial businesses usually have lower residential taxes. Of course there are some third world countries who don't tax at all... Uh oh...... Dave |
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