I think it’s fair to say that’s “state support”.
Tax deferment is not “support” rather just not burdening the companies directly.
I think it’s fair to say that’s “state support”.
Tax deferment is not “support” rather just not burdening the companies directly.
This is acknowledged in the article with literally the first sentence.
> China’s tech champion got as much as $75 billion in tax breaks...
edit:
In any case, state support for American businesses goes way beyond preferential tax treatment.
Boeing, TBTF bank bailouts, farm subsidies and bailouts, wars to open up foreign markets, the list goes on for centuries...
My only statement is that I wouldn’t call tax subsidies government support. Support implies giving something to the company. Bailouts are arguably support, not taxing a key industry is not exactly support.
I can understand that interpretation. From a public policy perspective though, tax subsidies are explicit support.
Take an example that came up a lot in these forums, Amazon's HQ2 deal with NYC and NY state. Tax incentives were the bulk of the deal.