Advocates promised the new tax would bring in over $1 billion a year in new revenue. And they quickly saw their predictions surpassed: the state Department of Revenue estimates it will generate over $1.5 billion this fiscal year.
Wow, yeah, that was a bad read lol. It’s generally received wisdom for global economics that tax disincentives push people to a point, but most of 'em will actually pay taxes if the alternative is hanging out in Bermuda forever. Nationwide rather than statewide is gonna be good enough for most
If you took my comment as an endorsement of how the First republic did things, it you read it wrong.
Wow, yeah, that was a bad read lol. It’s generally received wisdom for global economics that tax disincentives push people to a point, but most of 'em will actually pay taxes if the alternative is hanging out in Bermuda forever. Nationwide rather than statewide is gonna be good enough for most
Tl;Dr basically agree
I didn’t take it that way— mine was a poorly worded agreement with you.