Mmastodon WorldPolitics first seen 5 h ago, last 5 h ago, peak #1
Corporate welfare under scrutiny as relocation threats reap subsidies
Original: Corporate welfare (from direct subsidies to 'tax holidays') are often offered to corporations, due to implicit & often e
Governments frequently hand corporations subsidies and tax holidays, often in response to implicit or explicit threats that companies will relocate otherwise. Financial Times commentator Rana Foroohar cites research on business incentives between 1990 and 2015, fuelling renewed debate over whether such corporate support delivers real public benefit or simply rewards firms for holding locations to ransom.
Why now: Rana Foroohar's argument that relocation threats win firms unjustified public support has struck a chord amid ongoing concern about corporate tax breaks.
Evidence
- Corporate welfare (from direct subsidies to 'tax holidays') are often offered to corporations, due to implicit & often explicit threats they will relocate without such 'support'. But, as Rana Foroohar (FT), notes: 'Research looking at business incentives between 1990 & 2015 [by… · ChrisMayLA6@mastodon.me.uk · 5
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