Nicaragua’s new canal: the world’s biggest tax exemption?

I’ve been reading about the proposed new transoceanic canal in Nicaragua, plans for which were passed by the country’s parliament last week. The Reuters story on it notes that the $40bn cost would be four times Nicaragua’s national income. According to the Guardian, once running, the canal would double Nicaragua’s GDP and triple employment. So… Continue reading Nicaragua’s new canal: the world’s biggest tax exemption?