Mr Khan on 10 February 2012
| HappySqurriel said: As a Canadian this may sound odd (in reference to this article) but countries should not be focusing on giving tax breaks to particular industries, they should be focusing on having a tax code that is appropriate so that all industries are competitive. If you have to give tax breaks to make an industry survive it is a sign that your taxes are far too high in general. |
The issue is that you can't have a race to the bottom on taxes as a whole, or otherwise you lose funding for morally necessary stuff. Industry targeting works best, ironically, in a market with low restrictions on labor movement, and allows you to build an industrial network which can hopefully offset the tax losses that the subsidies provide in the first place, but these must be targeted so that you don't dip revenue across the board.
Monster Hunter: pissing me off since 2010.
