Comment by ETH_start
6 hours ago
What Europe needs to do to spur its tech sector is lower taxes.
A 2018 study shows tax increases significantly reduce innovation. A 1% increase in the top marginal income tax rate leads to a 2% reduction in patents and inventors, while a similar increase in corporate taxes causes even larger declines.
The study is quite rigorous too:
https://open.substack.com/pub/maximumprogress/p/tax-cuts-and...
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