Posted on 01/13/2016 9:47:53 AM PST by DUMBGRUNT
The company began looking to leave Fairfield, Conn., last year after state legislators threatened to raise corporate taxes. GE’s quest for a new global headquarters can be traced back to a decision by Connecticut Governor Dannel Malloy and Connecticut lawmakers last spring to significantly change business tax policies, to help fill a big state budget gap. The package, among other things, altered how multistate companies collect corporate taxes and how losses can be used to reduce tax bills over a period of years.
(Excerpt) Read more at bostonglobe.com ...
Egad from Connecticut to Boston? I see no step up here.
Out of the frying pan into the fire.
Great minds !
To go from a high tax state to a high tax state?
Boston must have pulled down it’s pants, and given away the store. No other reason for this.
Looks like Boston came up with a check from the taxpayers.
Boston is a perfect philosophical fit for GE.
It’s a real (negative) statement for CT if it loses to MA. CT is the worst state for business in the nation. Oh yeah, 100% governed by Democrats, including Obama’s gun control hero, Malloy.
Governor Dan Malloy will not be satisfied until he drives all decent employers out of CT.
Great Job Malloy !!
Perhaps the GE move will inspire Boston leadership to embark on another Big Dig catastrophe. /s
Great Job Malloy
Maybe their new HQ will be inside the Big Dig.
Politics aside....the greater Boston area is thriving. Massive building downtown & home prices & rents that rival the Bay Area.
Next target: The insurance companies.
So GE employees will get half the house for double the money—congrats to Gov. Malloy and the GE execs—not! :-(
Great going Danniel. Any other bright ideas? Maybe another tax hike or another busway will solve the problem.
Can’t say I’m disappointed. And live in Connecticut. Maybe this and a few more departures will wake people up ... but I’m not holding my breath.
Anything that makes Malloy look like the fool his is brings me joy.
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