Of course, its neither that simple nor that successful.
Every government does it as part of a huge zero-sum game.
Its like the reason you used to give your parents for letting you stay out all night after the prom Gee, Mom, everyones doing it. Because so many governmental tax concessions are targeted toward newcomers, sooner or later a business has to do a James Brown concert just to break even. Then the show really starts as backup singers, the brass section of the band and everyone in the audience tries to coax James to stay. At just the right moment, he comes raging back to center stage, grabs the mike and belts out another encore as we all go nuts. My mother worked for a large insurance company in Boston back in the days when hundreds of clerks processed papers on each of 25 floors.