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Old 07-01-2011, 08:45 AM
 
41,815 posts, read 50,828,507 times
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Quote:
Originally Posted by legalsea View Post
Because Delaware's laws on corporations are more corporation-friendly than most other states.

Why, I cannot recall. It is something I learned in law school back in the early 80s.
Specific to CC's they had generous caps on interest rates, when the law was changed to allow companies to charge interest based on where they were located instead of where the consumer lived they all moved to Delaware. There is another state out midwest I can't remember at the moment with same deal, along with Delaware they turned into major financial center overnight. The point is it only takes one state, if we have one state that is not going to charge sales tax online retailers will set up shop there.
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Old 07-01-2011, 09:10 AM
 
Location: The Republic of Texas
78,866 posts, read 46,376,973 times
Reputation: 18520
Quote:
Originally Posted by EinsteinsGhost View Post
... perhaps such businesses as Amazon, would be eager to move to such states as Texas where they won't have to deal with such anti-business ideas?


Guess what?

That deal is already done. Coming to Austin in just a short matter of time. Their building complex is almost complete, I did the floors in one section of the facility.


......and then no sooner than it is almost complete, Texas makes them really mad for past sales.

http://www.statesman.com/Amazon taxes




Amazon has announced it will be close its Texas distribution center and lay off more than 1,000 employees in April and unsure about opening the new Austin headquarters, over what it claims is an "unfavorable regulatory climate." What did they find so unbearable? Comptroller Susan Combs' ruling that the online store should pay sales taxes, just like every other retailer. Now odd battle lines have been drawn, with Gov. Rick Perry backing Amazon over his own comptroller and Austin Rep. Elliott Naishtat siding with Combs' attempt to collect $269 million in back sales taxes. Amazon has a track record of quitting states over taxes, having already walked out of Colorado and Rhode Island, and is currently embroiled in a fight with North Carolina after terminating its affiliate vendor program there. In an interview with the Washington Examiner, Perry said Combs should not have sent the tax bill because its Irving distribution center was a warehouse and not "a store front. ... It was specifically there to manage products that need to be shipped out." But on Feb. 14, Naishtat filed House Bill 1317, which would close the e-commerce loophole that allows firms like Amazon to undercut taxpaying local businesses. Naishtat said: "This bill is not about raising taxes. Rather, this bill is about fairness."




It is a tariff, to keep local businesses from being undercut easily from foreign companies.
Texas is building Texas

Last edited by BentBow; 07-01-2011 at 09:32 AM..
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