Reply to post: Re: "whether the Taiwanese giant was lured with the promise of financial incentives"

US senators call for more transparency over $12bn TSMC fab plant investment

Cuddles

Re: "whether the Taiwanese giant was lured with the promise of financial incentives"

"Are these guys new to the concept of capitalism or what ?

When a supermarket chain eyes a spot of land it wants it not only gets the local authorities to exempt it from taxes for ten years, but also gets roads and infrastructure made on its behalf then takes off after nine and a half because, all of a sudden, it remembers that it won't be making money soon.

And now these senators are wondering about a $12 billion plant ? Were they born yesterday ?"

See the reply to the post a couple above yours. Of course they're not new to this and they know exactly what's going on here. They're not surprised there might have been various incentives to get this deal, they're annoyed that none of the pork is coming to their constituencies. It's entirely standard behaviour. When I offer tax incentives to a business, it's an important economic stimulus supporting local jobs and the country's wellbeing. When you do it, it's blatant corruption and must be investigated.

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