“I mean no taxes. That’s what I mean when I say tax free – no business tax, no corporate tax, no franchise fee, no income tax,” Cuomo told officials at the University at Buffalo.
Politicians often prefer high taxes and other expenses on businesses in general, then making a bunch of concessions, reductions, tax holidays tax free zones etc.
Probably because its gives them more control, and more appearance of responsibility for economic growth. Keep rates low and business does well, well maybe its just a good time for the economy, or maybe it was some national policy, or something put in by the guy before you. Lower rates for some company to move it and it becomes "I created 1000 jobs...", even if the economy would probably have done better, and the situation allows less opportunity for corruption, when you have generally low rates then with high rates and then special exceptions. |
