Sihanoukville’s recovery and tax incentives – treating the disease and not the patient?

Abstract

Twenty-five years before he was elected president, a certain D.J. Trump appeared at Capitol Hill to complain that Congress had closed too many tax loopholes for the real estate industry2 ; “Real estate really means so many jobs… you create so many other things. They buy carpet. They buy furniture. They buy refrigerators. They buy other things that fuel the economy.”