Life is not fair. I believe you're old enough to get used to it.
Perhaps it's fair after all: small business is much more likely to go belly up so the states and localities are right to be cautious and not enter into long-term deals with them.
You are not complaining that blue chip companies pay smaller spread on their bonds than small ones, are you?
Sure, life is not fair. And it is ok if markets are unfair (they are actually fair in their own way). But when the law is unfair that makes me nervous.
Exactly, markets are fair in their own way - that was my point.
Shopping for best location for HQs is also a market (not legal) transaction. It's not that different from us shopping for a retirement community in the future. Is it fair that FL doesn't have state income tax but NY does? Is it fair that the local tax rate in the next town is 1/3 of ours? Fair doesn't come into equation, things are just the way they are. As long as you are the one writing the check you get to make choices while people who compete for your money have all the rights and incentives to make you a deal.
Well, for most of us and most companies paying taxes is a legal transaction -- we are obligated to pay a certain amount by the state/local law. Of course we are free to move to a different state or municipality -- many people/companies do.
states and feds can bend the rules for big projects. it has happened many times before. and it will happen in the future. if the project/goal is big enough it gets its own set of laws and its own rules. simply because general rules were never intended to cover all possible cases. they were created to cover *most* of the cases, but not all
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2019-02-15 05:40 pm (UTC)Because they want therm and their employees to pay taxes here, not elsewhere.
no subject
Date: 2019-02-15 05:58 pm (UTC)no subject
Date: 2019-02-15 07:10 pm (UTC)Perhaps it's fair after all: small business is much more likely to go belly up so the states and localities are right to be cautious and not enter into long-term deals with them.
You are not complaining that blue chip companies pay smaller spread on their bonds than small ones, are you?
no subject
Date: 2019-02-15 07:18 pm (UTC)no subject
Date: 2019-02-15 08:39 pm (UTC)Shopping for best location for HQs is also a market (not legal) transaction. It's not that different from us shopping for a retirement community in the future. Is it fair that FL doesn't have state income tax but NY does? Is it fair that the local tax rate in the next town is 1/3 of ours? Fair doesn't come into equation, things are just the way they are. As long as you are the one writing the check you get to make choices while people who compete for your money have all the rights and incentives to make you a deal.
no subject
Date: 2019-02-16 12:50 am (UTC)no subject
Date: 2019-02-16 01:47 am (UTC)no subject
Date: 2019-02-16 03:06 am (UTC)