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What?!??! You mean corporations aren't slaves to the US Welfare State???? You mean we can't force them to be an ATM for all kinds of handouts until we bleed them dry??? You mean a CEO would not willingly let his company die a slow death by a thousand taxes to support America's decline into Socialistic Hell???
Shocking! [eyeroll]
You don’t want people to notice and act accordingly, don’t tax them to death. Asshats.
Math ain’t hard.
As a CEO answering to his shareholders, he is obligated to pay as low a tax rate as he can legally. You want to attract businesses make it cheaper for then to operate in your state, country. Understand though that they will only stay if the benefits continue.
It doesn't bother me. More power to them. Less taxes for the regime to redistribute to welfare queens. Starve the beast.
At the risk of being slightly off topic, the McCormick spice company is considering moving its corporate headquarters (about 800 employees) out of tax crazy Maryland. Adding to the ecomomic impact is the fact that Maryland culture is associated with the McCormick product Old Bay seasoning which is used to flavor crabs.
McCormick is looking at neighboring states that are more financially attractive. The governor of Maryland, Martin O’Malley, has made the state a tax hell.
Maybe the ‘bring jobs back now’ broken record will understand the problem after reading this. Probably not.
The .govs still haven’t figured out that the more you tax something, less of that something will occur.
Doesn’t the USA have the highest corporate taxes in the world? May have somethign to do with that?
Leftists have succeeded in creating the hate business state.
bump
I’ve driven by that huge campus in Chicago, and thought “why the hell would they locate where the costs are high, the taxes crushing, the weather lousy, and govt run by greedy Democrats.
Adios muchacho....
Remember when the state of Illinois took the Democratic approach to fixing their budget woes by raising taxes? The debt problems of the Land of Lincoln would disappear, Governor Pat Quinn argued, if the state hiked corporate and personal income tax rates by as much as two-thirds. The extra revenue would stabilize the state’s fiscal footing and pull them from the brink of financial disaster.
How well did that work out? As the Wall Street Journal reports, Illinois debt has now been downgraded to the lowest rating of all 50 states by Moody’s:
http://online.wsj.com/article/SB10001424052970204555904577164944279702590.html
maybe if idiots didn’t run the state...
Wouldn’t I love to move to Switzerland for at least a while....
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Considering this company is based in Illinois,a state not known for upright politics....two questions come to mind. A...Is the CEO on the up & up? B...Did Walgreen’s ever actually get the tax incentives?
