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BREAKING: Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas
PANDO DAILY ^
| 27 APRIL 2014
| MICHAEL CARNEY
Posted on 04/27/2014 4:52:00 PM PDT by Extremely Extreme Extremist
California’s inhospitable tax policies may have struck again, this time costing Los Angeles one of its largest employers. According to multiple sources close to the situation, Toyota will be relocating its US headquarters from the LA suburb of Torrance to Plano, Texas.
The company has yet to notify its employees of the news, but is expected to do so Monday, followed by a public announcement. While it’s unlikely that Toyota, which is ranked 8th on Fortune’s Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating in California – both on the corporation and its employees personally – played a major role.
A number of early stage entrepreneurs, including Pando contributor Bryan Goldberg, have discussed publicly their decisions to start companies outside of California. Now, it appears that frustration has moved its way up the economic food chain.
(Excerpt) Read more at pando.com ...
TOPICS: Business/Economy; News/Current Events; US: California; US: Texas
KEYWORDS: automakers; bluestates; california; exodus; plano; redstates; taxifornia; texas; torrance; toyota; youaskedforit; yougotit
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To: Extremely Extreme Extremist
The company has yet to notify its employees of the news . . .Another good reason to log in to Free Republic.
2
posted on
04/27/2014 4:53:30 PM PDT
by
Hoodat
(Democrats - Opposing Equal Protection since 1828)
To: Extremely Extreme Extremist
Hahahahaha! [gasp] Hahahahaha!
3
posted on
04/27/2014 4:53:56 PM PDT
by
2ndDivisionVet
(I will raise $2M for Cruz and/or Palin's next run, what will you do?)
To: Extremely Extreme Extremist
4
posted on
04/27/2014 4:56:04 PM PDT
by
PGR88
To: Extremely Extreme Extremist
No kidding, why would anyone want to live next door to a mugger?
5
posted on
04/27/2014 4:57:33 PM PDT
by
rawcatslyentist
(Jeremiah 50:32 "The arrogant one will stumble and fall ; / ?)
To: Extremely Extreme Extremist
Yay. We get 5000 more union thugs.
6
posted on
04/27/2014 4:58:55 PM PDT
by
gop4lyf
(Are we no longer in that awkward time? Or is it still too early?)
To: Extremely Extreme Extremist
While it’s unlikely that Toyota, which is ranked 8th on Fortune’s Global 500, will directly cite taxes as the reason for its relocation, it should come as little surprise that the financial burden of operating in California – both on the corporation and its employees personally – played a major role.They won't because Toyota is Japanese and Japanese are polite. Plus they have a lot of business interests in California which would be the targets of retaliation if they did.
Most likely they will offer most of their employees the chance to move to Texas with them, including generous relocation packages for key employees. I'm betting that in today's crappy economy, a larger number than normal will seize this opportunity to bail on California as well.
7
posted on
04/27/2014 4:59:01 PM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Extremely Extreme Extremist
This is gonna be good. Would not surprise me if the state of Kalifornia tries to stop them or extract more money from them.
And the unions? Their heads are exploding.
It’s a good day when MARXISTS get their asses handed to them.
8
posted on
04/27/2014 5:00:49 PM PDT
by
unixfox
(Abolish Slavery, Repeal the 16th Amendment)
To: Extremely Extreme Extremist
Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...
9
posted on
04/27/2014 5:01:05 PM PDT
by
max americana
(fired liberals in our company last election, and I laughed while they cried (true story))
To: Extremely Extreme Extremist
Valley boosters would argue the talent and the ecosystem make running a tech company elsewhere unthinkable. Wow...the stupid is strong with these people..
10
posted on
04/27/2014 5:01:05 PM PDT
by
Popman
("Resistance to Tyrants is Obedience to God" - Thomas Jefferson)
To: Extremely Extreme Extremist
11
posted on
04/27/2014 5:01:09 PM PDT
by
saganite
(What happens to taglines? Is there a termination date?)
To: Extremely Extreme Extremist
12
posted on
04/27/2014 5:01:17 PM PDT
by
Responsibility2nd
(NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
To: gop4lyf
Yay. We get 5000 more union thugs.
****************
What makes you think corporate hdqts personell are union thugs?
13
posted on
04/27/2014 5:02:38 PM PDT
by
deport
To: max americana
Agree. This Texan asks that they leave ALL lib workers in CA.
14
posted on
04/27/2014 5:02:45 PM PDT
by
Jane Long
(While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
To: gop4lyf
Who says they have to stay union? Like the VW workers in Tennessee, they can leave.
15
posted on
04/27/2014 5:03:20 PM PDT
by
Responsibility2nd
(NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
To: Extremely Extreme Extremist
To: max americana
Will they bring the same ole lib workers to TX? I like the move, but the more people move to TX, the bluer it gets...I guess we should we thank Governor Rick Perry for helping make Texas blue. :-P
17
posted on
04/27/2014 5:12:51 PM PDT
by
South40
(Liberalism is a Disease)
To: Extremely Extreme Extremist
Sources say Toyota fleeing CA, taking 5,000 jobs to more business-friendly Texas
18
posted on
04/27/2014 5:12:58 PM PDT
by
bkopto
(Free men are not equal. Equal men are not free.)
To: max americana
I am sure most of the libs will prefer to stay in California.
To: Extremely Extreme Extremist
Yeah it breaking on KCBS 2 right now LOL!
20
posted on
04/27/2014 5:13:52 PM PDT
by
SevenofNine
(We are Freepers, all your media bases belong to us ,resistance is futile)
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