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The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
There's cries to tax those corporate jet owners so they're offshoring to save money to pay those taxes.
Isn't that what you wanted ?
You want to tax the hell out of the rich and the rich (corporates) are just picking up and taking their toys elsewhere.
Did you think they would just stay and pay more taxes ?
The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
Great job guys!!
And that's after GE earns 5 billion in profits and pays no taxes. Then Immelt tells businesses to quit whining about government.
The headquarters will move from Wisconsin amid a broader plan to invest about $2 billion across China, including opening six “customer innovation’’ and development centers.
Great job guys!!
This is not an event unique to Obama's administration, and you know it. Chinese workers cost just a fraction of US workers - so what do you expect? US workers can't compete, even if you were to lower corporate payroll taxes to ZERO. This has been happening for years since Bush sr.
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