Stimulate economic by taxation

GRE Essay Topic 909 - The following appeared as part of an article in a local Beauville newspaper. "According to a government report, last year the city of Dillton reduced its corporate tax rate by 15 percent; at the same time, it began offering relocation grants and favorable rates on city utilities to any company that would relocate to Dillton. Within 18 months, two manufacturing companies moved to Dillton, where they employ a total of 300 people. Therefore, the fastest way for Beauville to stimulate economic development and hence reduce unemployment is to provide tax incentives and other financial inducements that encourage private companies to relocate here. " Discuss how well reasoned you find this argument.

Author: AhmedMohsen | Date: December 4, 2016 | Score:3 | => 5 or 6 Essays, Click Here <=

Stimulate economic by taxation

The author concluded that the best way to stimulate economice development and reduce unemplyment is to provide tax incentives to encourage private companies to relocate.But this aurgmet is flawed at least from 2 ways. First,it is not necessiry that the effect of tax reduction will be more economic development as the paragraph mentioned. Second,The writter…

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