What they offer foreign businesses and well-heeled individuals is low or no taxes, political stability, business-friendly regulation and laws, and above all discretion.
This is why it will broadly mirror stamp duty land tax, providing the consistency and stability businesses tell us they need and providing a smooth transaction for home-buyers and the property market.
"There is an appetite [for investment] … We want to position ourselves as a place where there is stability, the business environment is attractive, and where you can do business and close your eyes, like you do in other countries, and have an interesting return".
But still the system goes on, trying to offer a sense of stability and business as usual, even though it won't be.
At the same time, he indicates that the amendments will not all be restrictive, and that the powers of corporations will be so clearly defined as to give stability to business by precluding surprises due to unexpected interpretations of the law by the courts.
For VCs to invest, there has to be well-developed property rights to protect investments with a potential time horizon of a decade, strong public equity markets to provide for exits, as well as trust between management, investors, and government to ensure stability of business operations.
This creates significant unmanaged risks in supply chains that threaten the stability of business and future cash flows.
Furthermore, many of these models assume that nations enjoy magical macroeconomic stability: the business cycle has been mysteriously abolished.
Some actually took it as an affront to their financial stability, high business standards and clear ethical policies.
Furthermore, these models often assume that nations enjoy magical macroeconomic stability: the business cycle has been mysteriously abolished.
Check your local Yellow Pages; go back two or three years to find stability of business continuity.
