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Municipalities, with low tax bases, cannot afford extensive sewer lines.
Paris is working on plans to tempt private equity firms with low tax rates.
Existing financial centre with low tax rates and flexible labour laws.
It is more understandably expressed by some EU countries (though not by those with low tax rates).
While offshore jurisdictions tend to attract foreign capital with low tax rates, they may be doing much more than shortchanging the Internal Revenue Service.
But councils with low tax bases in north England and the Midlands fear that they will be the losers in any new system.
Similar(27)
Singapore has rolled out the red carpet to foreign investors, with low taxes and spare regulation.
With low taxes and high spending, the budget was pulled apart by horses.
In some states with low taxes, gasoline has dropped below $2.50 a gallon.
Moreover, cash holdings tend to be higher in countries with low taxes than those with high taxes.
The logic of r>g, combined with low taxes on capital, is not a specifically American phenomenon.
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