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My understanding is Austin is booming because of Tech companies relocating operations from California.
That is correct. We have numerous tech companies in Texas with many more moving here. In fact, in DFW area you can go to many areas where standing in the same place you could throw a rock and hit 3-4 major technical companies without ever moving.
More mindless California bashing. Several other states have passed the same law, and yes, even Texas has gone after Amazon for not collecting sales taxes, so I guess you shouldn't do business with any of those other states either.
Correct, Texas also has issues with internet sales taxes (it perturbed me when I moved here that they would have such when they do so well in many other aspects concerning business).
As for California, I lived there for over 30 years before I moved away. No need to bash California, it does a fine job of doing it itself. That state is a perfect example of activism corrupting politics and putting its residents in a stranglehold.
Just another violation of the Constitution. Nothing to see here move on.
The U.S. Supreme Court in 1992 ruled that states cannot tax businesses that aren't physically within their boundaries. Such taxes would regulate interstate commerce, which is a federal government prerogative.
If you live in California and buy something from Amazon you will get taxed as if Amazon was a Brick and Mortar store (physical location). It is not only Amazon. It is all online retailers who do not already collect tax in the state of California.
Other states are/will be passing similar taxes.
No one is happy about it.
It was good while it lasted but most people knew this was going to happen. Death and Taxes...
Only 1 problem, Amazon has not a Brick and Mortar location within California.
Only 1 problem, Amazon has not a Brick and Mortar location within California.
True, but I believe they have many affiliates in such to which they have deals with and such a tax burden brings about problems for them. Now depending on business, this may be a big of enough issue to cause specific businesses or "affiliates" to relocate as to avoid the loss of contract with Amazon.
Either way, it is bad news for California.
Texas is just as bad with its Tax, however... Texas doesn't stick it up businesses arses in other ways like California does. CA is looking hard for revenues to justify its stupidity. Each time it does... well... it finds that businesses are leaving.
There is no escape of CA's policies. It will be the downfall of the state. The question is... was it planned or was it simply a matter of stupid people in office. Time will tell...
Do you know why so many CC companies are headquartered in Deleware?
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.
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