On Thu, 3 May 2012 08:57:14 -0700 (PDT)
e27002 wrote:
If we're not taxing it sufficiently then what benefit does it serve? A fe=
w
thousand jobs is chickenfeed in the scheme of things.

Sort of: to hell with the foreign currency reserves and balance of
payents benefit.

There are 3 ways a private company or corporation contributes to a state:

1) The goods and services it buys or sells.
2) The tax it pays
3) The jobs it creates

For investment banking 3 is negligable, 2 is probably a lot less than it could
be and 1 , while useful , is hardly the pivot on which the whole economy turns.
The usefulness of The City in this country is vastly overstated.

B2003