Tuesday, September 25, 2012

Private City in Honduras Will Have Minimal Taxes, Government

This seems like kind of a big deal:

Small government and free-market capitalism are about to get put to the test in Honduras, where the government has agreed to let an investment group build an experimental city with no taxes on income, capital gains or sales.

Proponents say the tiny, as-yet unnamed town will become a Central American beacon of job creation and investment, by combining secure property rights with minimal government interference. 

“Once we provide a sound legal system within which to do business, the whole job creation machine – the miracle of capitalism – will get going,” Michael Strong,  CEO of the MKG Group, which will build the city and set its laws, told FoxNews.com.

Steve Clowney

https://lawprofessors.typepad.com/property/2012/09/private-city-in-honduras-will-have-minimal-taxes-government-.html

| Permalink

TrackBack URL for this entry:

https://www.typepad.com/services/trackback/6a00d8341bfae553ef017ee3c106ac970d

Listed below are links to weblogs that reference Private City in Honduras Will Have Minimal Taxes, Government :

Comments

Post a comment