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Tax free zones have proven to be highly effective. In Dubai there were a number of tax free zones started 13+ years ago just before their economic boom. India's rise to dominance in several service sectors was accompanied by a number of tax incentives.

I'd bet money that this attracts new business to New York especially since New York has people talent in place. Also, if you're competing against a NY firm, they'll have an advantage in their ability to accumulate earnings at a faster rate than an equivalent firm that's burdened with more taxes. Too bad NY can't wave Federal taxes...that would be nice.



Dubai has tax-free zones but also put a bunch of money into certain industries.

Also given the way you talk about taxes it doesn't seem you understand what taxes pay for. Like the roads that startups need to drive on.


>Also given the way you talk about taxes it doesn't seem you understand what taxes pay for.

I would say the same to you. Roads are usually paid for by vehicle registration fees, gas taxes, etc. Pick a better example.


Gas Taxes are increasingly having trouble paying for roads. I think roads are normally paid for by property taxes.


There isn't a direct relationship between a specific tax and where the tax is spent.




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