Re:GE will move headquarters to Boston
by Alupis on Wednesday January 13, 2016 @05:39PM
(#10898192)
> That's what they tried to do so GE left the state
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.
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.