Monday, June 20, 2011

Companies Leaving California in Record Numbers


Our losses are occurring at an accelerated rate. Also, no one knows the real level of activity because smaller companies are not required to file layoff notices with the state. A conservative estimate is that only 1 out of 5 company departures becomes public knowledge, which means California may suffer more than 1,000 disinvestment events this year. - CarpeDiem
California currently ranks #49 among U.S. states for "business tax climate" (PDF) - Tax Foundation
States With the Best, and Worst, Business Tax Climates - NYT
Each year, the Tax Foundation, a research organization that promotes lower taxes, releases a ranking of states based on major business taxes, individual income taxes, sales taxes, unemployment insurance taxes and property taxes, and how these variables combine to make life easier or harder for businesses located in a given place.