Good-governance advocates in the EU succeeded at reducing the ability of individual cities or countries giving subsidies to get investors. The process is more burocratic then desireable, but it’s a huge improvement over the status quo from before and also from what happens in the US.
It’s also part of the Washington Conensus and countries that take IWF money often has to agree to pay less subsidies.
Domestically in the US, states rights are an argument that likely prevents and politician from the left from pushing through similar limits as we have in the EU.
A debate about a recent search for a location where a new headquarter can be build however suggests to me that it will be difficult to get majorities for a reduction in corporate subsidies as it’s not something that people consider to be important.
Good-governance advocates in the EU succeeded at reducing the ability of individual cities or countries giving subsidies to get investors. The process is more burocratic then desireable, but it’s a huge improvement over the status quo from before and also from what happens in the US.
It’s also part of the Washington Conensus and countries that take IWF money often has to agree to pay less subsidies.
Domestically in the US, states rights are an argument that likely prevents and politician from the left from pushing through similar limits as we have in the EU.
A debate about a recent search for a location where a new headquarter can be build however suggests to me that it will be difficult to get majorities for a reduction in corporate subsidies as it’s not something that people consider to be important.