Tag

Business Climate

All articles tagged with #business climate

business6 hours ago•2 min saved

ExxonMobil to relocate legal domicile to Texas after shareholder approval

ExxonMobil shareholders approved moving the company’s legal domicile from New Jersey to Texas, aligning its legal home with its Texas-based operations to capitalize on a more business-friendly regulatory climate. The board-backed relocation faced warnings from advisory firms that it could hinder shareholder lawsuits, and underscores Texas’s growing appeal as a domicile for major companies (Exxon has a large Texas presence and about 75% of U.S. employees there).

via Houston Public Media|

#business #business-climate #corporate-domicile

business4 months ago•4 min saved

Portland’s post-pandemic tax surge tests business resilience

Portland-area businesses have seen a surge in taxes since 2019, with new levies and higher rates across payroll, property, and corporate taxes; 2023 taxes paid by Portland-area businesses rose to about $1.4 billion, up from $781 million in 2019, driven by the Paid Leave Oregon payroll tax (2023), the corporate activity tax (2020), the preschool-for-all funding (2020), parks and library property taxes (2021), and the gross receipts tax (2019). Business leaders warn the growing tax burden hurts Portland’s economy and competitiveness and call for tax simplification and easier land access to encourage investment as Oregon’s economy shows signs of weakness.

via Oregon Public Broadcasting - OPB|

#business #business-climate #corporate-activity-tax

politics7 months ago•2 min saved

Pritzker Opposes Chicago's Proposed Corporate Head Tax Amid Budget Concerns

Illinois Governor JB Pritzker opposes Chicago Mayor Brandon Johnson's plan to reintroduce a tax on large corporate payrolls, arguing it would deter major employers and harm the city's economic recovery efforts. Pritzker advocates for cost-cutting measures instead to address the city's budget deficit and improve Chicago's business environment.

via Bloomberg|

#business-climate #chicago-tax #corporate-payroll-tax

business9 months ago•2 min saved

Playboy relocates to Miami Beach, citing California's 'anti-business' climate

Playboy is moving its headquarters from Los Angeles to Miami Beach, citing California's high costs and anti-business environment, and plans to establish new facilities including a club and multimedia studios, as part of a broader trend of companies leaving California for more business-friendly states like Florida.

via Los Angeles Times|

#business #business-climate #california

politics9 months ago•5 min saved

Trump's Influence Reshapes Corporate America and Industry

The article discusses how former President Trump has adopted an unprecedented interventionist approach towards corporations, involving direct negotiations, threats, and strategic deals to influence business practices, which has raised concerns about its impact on the business climate and regulatory environment.

via NBC News|

#business-climate #corporate-intervention #government-deals

economy2 years ago•3 min saved

Study Reveals High Taxes and Poor Business Climate Threaten NY's Status as US Finance Capital

New York's position as the nation's financial services capital is being threatened by high taxes and a poor business climate, leading to a decline in the population of high-income residents. A study by the Business Council of New York State revealed that states like Texas, Florida, North Carolina, and Georgia have been attracting talent and investment in the finance sector, while New York's employment growth has remained below national trends. The study emphasizes the need for New York to address its tax burden, business climate, and cost of living to maintain its position as a leader in finance and insurance. The state's financial services industry is crucial to its economy, with each employee generating nearly three additional jobs in other sectors.

via New York Post |

#business-climate #economy #finance-industry