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Companies fleeing California

Texashiker

Texashiker

Lifer
Another sign of how broken California is.

http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm?iid=HP_LN&hpt=hp_t2

Companies burdened by excessive regulations and taxes are leaving the state. The current rate of companies leaving is 5 times higher then it was just 2 years ago.

With so many companies leaving, this is going to have a profound effect on the tax base. To maintain the current tax base, California will probably have to raise taxes on its citizens to make up for lost business taxes.

One question I have to ask, why is California driving companies away? Cant the law makers see what is going on?
 
Texashiker said:
Another sign of how broken California is.

http://money.cnn.com/2011/06/28/news/economy/California_companies/index.htm?iid=HP_LN&hpt=hp_t2

Companies burdened by excessive regulations and taxes are leaving the state. The current rate of companies leaving is 5 times higher then it was just 2 years ago.

With so many companies leaving, this is going to have a profound effect on the tax base. To maintain the current tax base, California will probably have to raise taxes on its citizens to make up for lost business taxes.

One question I have to ask, why is California driving companies away? Cant the law makers see what is going on?
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Clearly this is not fair to california. Liberals will demand to make excessive regulation and taxation universal across the Union to level the playing field.
 
Great!

Just what we needed here in Texas, more transplants from California.

Texas has a great, relatively speaking, economy and we are flooded with those from mexico and California trying to escape the stupidity of those to governments but then they immediately try to turn Texas into mexico and/or California.

Stupid is as stupid does.
 
Wonder what CA regulations were burdening eBay/Paypal... maybe eBay/Paypal were required by CA to investigate all the claims being submitted to them and they just don't want to do it anymore.
 
her209 said:
Wonder what CA regulations were burdening eBay/Paypal... maybe eBay/Paypal were required by CA to investigate all the claims being submitted to them and they just don't want to do it anymore.
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With the recent amazon fallout, I wonder if California was looking at collecting a sales tax on all paypal transactions?
 
This article is an example of media crap-tastic reporting.

"This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California."

Just how possible it is to calculate this is beyond me. But apparently some southern californian "business relocation expert" has it all figured out. So lets just go with what HE says. And dont let me get started on the partisan shots this relocation expert is taking in the article too.


I expect better from CNN...but that's just me being silly I suppose.

California has a bad business economy, no mistake about it. But I read something like this article and all I see are chicken littles trying to score political points
 
Texashiker said:
With the recent amazon fallout, I wonder if California was looking at collecting a sales tax on all paypal transactions?
Click to expand...
Why would they have to collect sales tax? They're not the seller. And the seller pays eBay/Paypal a fee for their services. Amazon, on the other hand, claims its not located in CA when it in fact has facilities in CA (see Amazon EC2 datacenter in Nor CA). It gets away with it using loopholes. Not exactly the same thing.
 
her209 said:
Why would they have to collect sales tax?
Click to expand...

Because California needs to raise all the tax revenue it can find.

I am just speculating about the paypal having to pay taxes. But, how do laws like this affect companies like paypal?

California lawmakers approve online sales tax

http://www.mercurynews.com/top-stories/ci_18282733

It appears to me that California wants to tax everything they can, and provide social benefits to everyone they can with those taxes.
 
OrByte said:
This article is an example of media crap-tastic reporting.

"This includes leaving altogether, establishing divisions elsewhere or opting not to set up shop in California."

Just how possible it is to calculate this is beyond me. But apparently some southern californian "business relocation expert" has it all figured out. So lets just go with what HE says. And dont let me get started on the partisan shots this relocation expert is taking in the article too.


I expect better from CNN...but that's just me being silly I suppose.

California has a bad business economy, no mistake about it. But I read something like this article and all I see are chicken littles trying to score political points
Click to expand...

It's actually quite simple. California, like all states, has an economic development authority. Their job is to bring business to CA. They talk to companies looking to relocate, expand, etc every day. They ask companies "Why did you choose Utah?".
 
Paypal California Jobs, mostly senior engineering, management, and architecture:
Senior Product Manager 43850BR eBay Product Management US - California - San Jose San Jose California 12-Jul-2011
Sr. Manager, Market Development 52474BR PayPal Marketing / Sales US - California - San Jose San Jose California 11-Jul-2011
Sr. Product Manager - Data Integration 52752BR PayPal Product Management US - California - San Jose San Jose California 11-Jul-2011
Applications Architect 51639BR PayPal Tech - Project Management US - California - San Jose San Jose California 11-Jul-2011
Software Engineer 3 52845BR PayPal Tech - Software Engineers US - California - San Jose San Jose California 11-Jul-2011


Paypal AZ jobs, mostly customer service, entry/mid engineering:
Customer Solutions Agent 2 50700BR Bill Me Later Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Customer Solutions Agent 52536BR PayPal Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Customer Solutions 51846BR PayPal Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Manager, Software Development 1 52630BR PayPal Tech - Project Management US - Arizona - Phoenix Scottsdale Arizona 05-Jul-2011
Engineer, Rules Operations 52213BR PayPal Trust & Safety / Fraud / Risk US - Nebraska - Omaha, US - Arizona - Phoenix, US - Texas - Austin Austin Texas, Omaha Nebraska, Scottsdale Arizona 05-Jul-2011

Companies hire in California to make money, they hire in these states to save money.
 
Texashiker said:
Because California needs to raise all the tax revenue it can find.

I am just speculating about the paypal having to pay taxes. But, how do laws like this affect companies like paypal?
Click to expand...
My guess is it won't affect eBay/Paypal at all since they aren't the seller/owner of the products. They provide a service for the seller. Its up to the sellers located in CA to collect sales tax to the state which some do.

California lawmakers approve online sales tax

http://www.mercurynews.com/top-stories/ci_18282733

It appears to me that California wants to tax everything they can, and provide social benefits to everyone they can with those taxes.
Click to expand...
Those taxes have to be paid. Buyers aren't reporting their untaxed online purchases and therefore the state is losing out on those taxes. Companies like Amazon don't want to collect them because they know it will put them at a price disadvantage to do so. Its one thing if they truly have no business presence, but Amazon gets out of having to do this through loopholes. CA is merely closing that.
 
her209 said:
My guess is it won't affect eBay/Paypal at all since they aren't the seller/owner of the products. They provide a service for the seller. Its up to the sellers located in CA to collect sales tax to the state which some do.


Those taxes have to be paid. Buyers aren't reporting their untaxed online purchases and therefore the state is losing out on those taxes. Companies like Amazon don't want to collect them because they know it will put them at a price disadvantage to do so. Its one thing if they truly have no business presence, but Amazon gets out of having to do this through loopholes. CA is merely closing that.
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Collecting, determining the tax, and paying are not free. Entire accounting departments are devoted to paying taxes. And with each state having their own set of laws. When you consider that, Amazon leaving California advertisers in the dust is understandable.
 
Genx87 said:
Collecting, determining the tax, and paying are not free. Entire accounting departments are devoted to paying taxes. And with each state having their own set of laws. When you consider that, Amazon leaving California advertisers in the dust is understandable.
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Correct. It is the left's flawed thinking that if we raise taxes, people (and businesses) will just pay them instead of finding ways to not. Like leaving, for example.
 
blackangst1 said:
Correct. It is the left's flawed thinking that if we raise taxes, people (and businesses) will just pay them instead of finding ways to not. Like leaving, for example.
Click to expand...

As someone else mentioned, the obvious solution for Dems is to make those taxes equal on a national level.
 
Genx87 said:
Collecting, determining the tax, and paying are not free. Entire accounting departments are devoted to paying taxes. And with each state having their own set of laws. When you consider that, Amazon leaving California advertisers in the dust is understandable.
Click to expand...
Amazon already collects, determines the tax, and remits taxes in some states. But Amazon having to collect taxes is a secondary concern. Their primary concern is losing revenues because when CA customers have pay sales tax, they lose their price advantage over B&M and CA online retailers like Newegg.com.
 
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I'm now going to cut way back on Amazon purchases indefinitely in protest of their attempting to use our ballot process for their corporate greed for unfair advantage.
 
Texashiker said:
With the recent amazon fallout, I wonder if California was looking at collecting a sales tax on all paypal transactions?
Click to expand...

The overall cost to operate a large company in California is way more than other states. With the threat of higher taxes, I would expect to see more headquarters bolt. It was the same situation with Nissan when they moved their HQ from California to Tennessee in 2005. Tennessee offered corporate tax breaks, their new HQ building was basically free due to the value of the property in California, no state income tax for employees, cheaper utilities, etc etc.

California has the weather going for it... but for business climate other states have much more to offer.
 
senseamp said:
Paypal California Jobs, mostly senior engineering, management, and architecture:
Senior Product Manager 43850BR eBay Product Management US - California - San Jose San Jose California 12-Jul-2011
Sr. Manager, Market Development 52474BR PayPal Marketing / Sales US - California - San Jose San Jose California 11-Jul-2011
Sr. Product Manager - Data Integration 52752BR PayPal Product Management US - California - San Jose San Jose California 11-Jul-2011
Applications Architect 51639BR PayPal Tech - Project Management US - California - San Jose San Jose California 11-Jul-2011
Software Engineer 3 52845BR PayPal Tech - Software Engineers US - California - San Jose San Jose California 11-Jul-2011


Paypal AZ jobs, mostly customer service, entry/mid engineering:
Customer Solutions Agent 2 50700BR Bill Me Later Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Customer Solutions Agent 52536BR PayPal Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Customer Solutions 51846BR PayPal Customer Support US - Arizona - Phoenix Phoenix Arizona 07-Jul-2011
Manager, Software Development 1 52630BR PayPal Tech - Project Management US - Arizona - Phoenix Scottsdale Arizona 05-Jul-2011
Engineer, Rules Operations 52213BR PayPal Trust & Safety / Fraud / Risk US - Nebraska - Omaha, US - Arizona - Phoenix, US - Texas - Austin Austin Texas, Omaha Nebraska, Scottsdale Arizona 05-Jul-2011

Companies hire in California to make money, they hire in these states to save money.
Click to expand...

Yup. California tends to have a better educated and more innovative workforce along with the best VC infrastructure in the world, in at least the areas where tech companies tend to be. They can afford to be more 'costly' for businesses to operate because it's where many companies actually find success. You're not going to be able to recruit many of the brightest minds if you're located in Mississippi, but it's pretty easy to do it if you're in California. It provides a better skilled workforce and a better startup environment if you want to make it big.

Ultimately, CA can afford to be costly for business, but that's because it's such a desirable place for successful businesses and innovative people to be.

Of course, half of California is pretty much a dump, but that's the more Republican portion of the state.
 
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ahh the women's circle jerking each other off. Any of you actually work? Or do you just spend your days complaining about other people? Cali and NY are the best places in this country. Deal with it.
 
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