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Originally Posted by afc wimbledon
Attracting outside activity by providing a reduced tax break that is rapidly copied by other countries isnt stimulating growth though, it is just stealing it from other countries and it will generally get stolen back a year or so later, massive corporations may use Ireland or the Isle of Mann as their 'headquarters' but they dont actually employ anyone or do business there, its just a mail box they use to eff over the rest of us by not paying taxes here in fact most tax havens are for the locals poverty stricken crap holes
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It is stimulating growth in your own country. Like I stated the Isle of Man has a virtually non-existent poverty rate. GDP is $80k USD per capita, about twice that of the UK.
Why does it matter if that wealth is coming from an outside source? The question was, can the population benefit from tax cuts designed to give people at the top more economic growth, of course they can.
Once again, it's a matter of the quality of those tax cuts. Tax policy always needs to be directed, as it has a profound effect on behaviour.