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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (105509)	7/12/2000 5:31:11 PM
From: TimF	Respond to of 186894

OT A tax concession is where the government agrees to confiscate less. I don't believe you can bribe anyone with their own money by agreeing to take less. I understand that some hold the view that all assets ultimately belong to the State and therefore whatever the State allows you to keep is actually a gift for which we should all be grateful. I don't hold this view. I agree with you about the general idea, but I think it is better for taxes to be lower and lee complicated rather then have a higher rate and then have governments make agreements with some individuals or corparations to take less (while taking more from everyone else). Tim

To: Elmer who wrote (105509)	7/12/2000 7:19:18 PM
From: nihil	Read Replies (1) \| Respond to of 186894

I make no moral judgment, but I call a bribe a bribe. Almost everyone successful in economic development bribes new firms to locate there. The investor presumably chooses the most advantageous site. He also knows that it is his last chance to get an advantage. Once he locates in such a place he becomes a victim of that local government. I call these inducements "bribes" because they are not made available to all investors, especially local ones. Local firms pay the taxes that finance incentives for new firms. As an investor, I would prefer my companies to extort as many advantages from hosts as they possibly can. Ireland and Israel have both given Intel enormous subsidies, and Intel is the largest high tech producer in each of the countries. This kind of economic conspiracy can be advantageous to both sides.