Quote:
Originally Posted by blankall
I disagree strongly, that housing prices have nothing to do with tax policy. Foreign capital inputs certainly play a large role in housing prices, but so does domestic demand. Low interest rates allow people to borrow large sums, as long as they have a down payment. Current tax policy allows certain people to far more easily build a down payment than others.
Lots of local people are continuing to buy property. The vast majority of sales are too locals.
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Quote:
Originally Posted by afc wimbledon
Moving a companies address to a tax haven isnt stimulating any growth, the company isnt getting bigger, it isnt building more products or factories it is just paying taxes in a different location at a lower rate in fact I would posit it actually reduce overall growth as the company is now less able to be incentivised to actually grow because the country where the production happens no longer have tax write offs as a tool to spur growth in their arsenal
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Yeah. This is the problem with a Global Economy and it goes back to my original point.
These tax solutions have to be fluid. If you over-tax in one area industries which are fluid will simply move to another jurisdiction.
It requires legislation to not only be reactive, it needs to be proactive.
But more than that, it needs to be actually thought out. "Lower Taxes" is not a solution. It can be part of a solution if its followed up with other Economic tools intelligently.