Taxes Matter V . . . Oh, and Regulation too.
In the February 24 to March 2 edition of the “The Economist” magazine was a special report on offshore finance (subscription required). The essentials of the report is best summarized in this quote: “Companies the world over are increasingly global. They are also facing ever fiercer competition at home and abroad, which makes them increasingly sensitive to costs–including the costs of regulation and tax.” Maine policymakers need to be more sensitive to that fact.