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Lowering tax can be an export industry : Comments
By John McRobert, published 1/3/2012Less can be more when the rest of the world is raising its tax rates.
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So much for his thesis
Although we could all do with lower taxes, for McRobert to rescue his case he would have to look at immigrants who settle here, instead of just those educated here who go overseas. He should also bear in mind that the boat people are a tiny portion of the total (less than 3 per cent) in any one year. The bulk of the remainder (180,000 a year about) are skilled immigrants, many coming from the low-tax countries which he praises.
Certainly Singapore and Hong Kong have done well, just as Australia has done well, because they have British-style rule of law - whether there is much difference in performance at the moment, and whether that is due to tax are entirely open questions. The Aus jurisdiction is entirely diffent in that we also pride outselves on social justice, unfair dismissal laws and the fairwork act.
So what is due to what? McRobert needs to do some more analysis.