I think you confused Legends point 1. He meant foreign tourists I believe.
My shot at answering that is look at it like this. The hotel has to pay corporate taxes and hire accountants to prepare them. Lets say a room cost $200 a night now, under this plan a foreign tourist would have to not pay $246 for that room right? No, not likely. part of the $200 a night is a built in cost for the hotel to pay their taxes and hire accountants and so on. so the price will likely fall to say maybe $175 a night or lower. This means the tourist would pay $215 for one night. Is it more, yes, but probably not as bad as you might have been thinking. I don't know enough about corporate taxes to know how far the room price might fall, but from what I have heard from those that do, the effect will likely be a wash between current and proposed future prices.
Anyone that knows more than me, does this make sense?
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