At a time when real capital is stranded in unproductive segments like real estate, losing intellectual capital through excessive taxation measures is akin to killing the goose for the golden egg.
The proposed steps lack any “disruptive policy changes", especially to "right-size" the govt, and doubts remain on authorities' ability to enforce new measures.
Both states can pursue adversarial policies, or come to the negotiating table and frankly discuss all outstanding issues, which can be tackled through dialogue.
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