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by whatever1 9 days ago
Most resorts secure favorable tax deals directly from the central governments before they invest, accompanied by public announcements in the media about success of government in attracting international investments.

So no tax the locals. During the construction phase there is some legitimate economy uplift (similar to datacenters). But after that nothing.

1 comments

> Most resorts secure favorable tax deals directly from the central governments before they invest, accompanied by public announcements in the media about success of government in attracting international investments.

is this just pure old corruption. govt not working for ppl stuff.

This happens, publicly, in the US, all the time. Megacorps like Amazon regularly pit cities and states against each other for what you're calling plain old corruption.
A more common example is sports stadiums.