Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Miami’s low-tax revolution: a blueprint for global growth

by March 4, 2025
March 4, 2025
Miami’s low-tax revolution: a blueprint for global growth

Scientists have long warned that parts of Miami Beach could be submerged by rising sea levels by the middle of this century, threatening thousands of properties.

Yet, against the odds, the Florida city is enjoying a boom. Businesses, entrepreneurs and billionaires are flocking to the Sunshine State, drawn by its pro-growth ethos, minimal taxation, and support for enterprise.

Miami’s temperate climate and relaxed pandemic restrictions have played a part, but many say Florida’s real allure lies in its generous business environment. It has no state income tax, imposes a relatively modest 5.5 per cent corporation tax, and leaders such as Governor Ron DeSantis and Miami’s Mayor Francis Suarez have consistently touted their state’s welcoming approach to investment. In a country otherwise led by President Trump, Miami’s business-friendly stance is often described as a continuation of his low-tax, high-growth philosophy.

This strategy of encouraging inward investment appears to be paying off handsomely. Florida’s economy expanded by nearly 22 per cent between 2019 and early 2024—twice the national rate—with an influx of new residents boosting its population growth. High-end house sales over $1 million have soared, reflecting the arrival of affluent buyers. Ken Griffin, the billionaire founder of Citadel, shifted his hedge fund from Chicago to Miami, spending a record $107 million on a four-acre estate. Paul Singer of Elliott Management and financial giant Blackstone are also rapidly expanding in the city.

Mayor Suarez has gone further by courting Saudi Arabian investors, keen to open a new office in the city. The willingness of Florida’s government to strike tailor-made deals is exemplified by Disney World’s special tax district—significant even after high-profile spats over social policies. Sam Bidwell at the Adam Smith Institute says Florida’s tax approach, which focuses more on sales than income, has fewer negative impacts on economic behaviour.

Still, Miami has its shortcomings: its population is only around 456,000, making recruitment a challenge, and the city’s 2.4 per cent unemployment rate—half the national figure—reflects a tight labour market. Some business ventures do clash with politicians, as Disney found out when it cancelled a planned $1 billion corporate campus amidst a row with DeSantis over education policies.

Yet for Britain, currently grappling with sluggish growth, Miami’s economic ascent raises questions about how to attract—and retain—investment. Rising numbers of high earners have been leaving the UK, taking their capital elsewhere. Eddie Trump, a real estate developer who shares a surname but no familial link to President Trump, believes Florida’s tax regime and enthusiastic pro-business culture are key: “I think most people come because it is very much a welcoming society for business.”

As Britain’s policymakers weigh the pros and cons of different fiscal strategies, Florida’s example provides a compelling case of how low taxes, lean regulation and an accommodating attitude toward enterprise can spur an economic boom—even in areas facing significant environmental challenges.

Read more:
Miami’s low-tax revolution: a blueprint for global growth

0
FacebookTwitterGoogle +Pinterest
previous post
UK’s gender pay gap reverses as young women out-earn men amid ‘crisis of masculinity’
next post
Tech careers appeal more to SEND students, new survey finds

You may also like

Huw Edwards: new tribunal ruling sheds light on...

August 2, 2024

Apple Hit with €1.8bn Fine for Violating Music...

March 5, 2024

UKEF gives British exporters £6.5Bn boost

June 28, 2023

How to work on your web content with...

July 24, 2023

How Does Intelligent Search Work? A Guide for...

April 8, 2024

Business Champion Award’s release SME of the Year...

January 30, 2023

How Treadmill Use Can Benefit Your Health

August 22, 2022

How to Make Your Business More Sustainable

August 24, 2022

UK retail sales’ sluggish new year start as...

February 17, 2023

Top 7 Materials for Insulating Pipes at Home

December 9, 2024

Huw Edwards: new tribunal ruling sheds light on...

August 2, 2024

Apple Hit with €1.8bn Fine for Violating Music...

March 5, 2024

UKEF gives British exporters £6.5Bn boost

June 28, 2023

How to work on your web content with...

July 24, 2023

How Does Intelligent Search Work? A Guide for...

April 8, 2024

Business Champion Award’s release SME of the Year...

January 30, 2023

How Treadmill Use Can Benefit Your Health

August 22, 2022

How to Make Your Business More Sustainable

August 24, 2022

UK retail sales’ sluggish new year start as...

February 17, 2023

Top 7 Materials for Insulating Pipes at Home

December 9, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump defends embattled AG Pam Bondi, says ‘nobody cares about’ Jeffrey Epstein

      July 12, 2025
    • Bondi says all charges against doctor who allegedly destroyed COVID vaccines have been dropped

      July 12, 2025
    • Meet ‘China’s man in Lima’ who jetted over to US to collect trains donated by Biden admin

      July 12, 2025
    • Inside Dan Bongino’s tense meeting with White House officials over Jeffrey Epstein fallout

      July 12, 2025
    • Could Butler happen again? Former Secret Service agents weigh in on political violence in 2025

      July 12, 2025
    • DAVID MARCUS: Trump is flunking his MAGA base’s Jeffrey Epstein test

      July 12, 2025

    Categories

    • Business (8,456)
    • Investing (2,118)
    • Politics (16,017)
    • Stocks (3,205)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved