That's what they tried to do so GE left the state...
> It's not somehow patriotic to pay more in taxes than you legally owe.
But they go one step further, they actually dodge taxes they're meant to legally owe using loopholes.
If GE paid the same proportional taxes as a locally owned sandwich shop I'd be happy.
This is what happens when states and nations have ridiculous tax laws and rates. People and corporations leave. If anything, we should be advocating CT fix their corporate tax laws, because it's costing them tax revenue.
> dodge taxes they're meant to legally owe using loopholes
That's the law you are describing. These so-called "loopholes" are parts of the tax code specifically inserted to allow people (and corporations) the ability to reduce their annual tax liability. Nobody (and no corporation) does any wrong by using the law to their advantage.
Change the law (remove the loopholes) if it's upsetting. Otherwise, they're doing things the right way.
I think we'll have to disagree on this. I don't see any signs or evidence that Boston politicians are cozying up with GE executives for kick-backs and what-not.
I'm unsure how this really matters in regards to GE HQ relocation?
They pay 100% of the taxes they are legally obligated to pay - if you're unhappy with that amount, change the laws. But lets not pretend they're an evil corporation solely on the grounds of them not paying more taxes.
It's not somehow patriotic to pay more in taxes than you legally owe.