Quote:
Originally Posted by trofirhen
[/B][/I]Unless commercial property tax revenueis vital to the functioning of the city, why not try lowering 'em waaay down. Tis might attract more higher-end companies and concommitant salaries.
The only real offset to that might be the grotesquely bloated housing prices.
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Commercial tax is utterly viable to most jurisdictions, lowering it is unfortunately not a realistic option.
A better option is to offer headcount based tax breaks, but then it's just a race to the bottom.
The best option is really to create an environment in which businesses and individuals have the opportunity to prosper and leave it at that.