GE wooed by Texas after Connecticut increases taxes

GE's leaving Fairfield for Boston is a sad marker in the downhill. a corporate relocation right after Connecticut passed its gigantic tax hike last summer.. of corporate-income-tax increases, coming to roughly $500 million.

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GE was the first to issue a statement, saying early Monday that the proposed tax increases are "truly discouraging” and that the company would "seriously consider whether it makes any sense to.

Whether I’m in California or Connecticut, Montreal or Minnesota. Some Southeastern and Southwestern states – Tennessee, Florida, and Texas – have no income tax at all. Georgia’s tax is a full.

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Georgia’s business and political leaders are ready to roll out the welcome mat to General Electric Co. if it is truly serious about relocating its corporate headquarters out of Connecticut.

General Electric, which reported $148 billion in revenue last year, indicated Monday it could move its headquarters out of Connecticut if the new state budget passes as proposed. The Fairfield.

General Electric, in particular, questioned whether it would stay in Connecticut if the tax increases took effect. It turns out the company wasn’t bluffing. Connecticut did raise taxes, and GE has announced that it will move its headquarters from Fairfield to Boston.

North Carolina ranks second in aerospace job growth with a nearly 34 percent increase over the. of the $900 million in tax breaks and other incentives the state offered over 30 years. California,

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The claim about GE paying no taxes stems from a March 24, 2011, story in the New York Times headlined "GE’s Strategies Let It Avoid Taxes Altogether."It was part of a 2012 Pulitzer Prize.

Reagan was highly paid for his autobiography and as a GE spokesman. 41st George Herbert Walker Bush (1989-1993) $23 million George H. W. Bush was the son of Prescott Bush, a Connecticut Senator. $3.

Critically, although the amounts targeted thus far are small, increased trade. from oil and gas fields in Texas (Chart 6). Agriculture and livestock product exports also had a strong performance in.

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