This is not a new concept. Why have so many financial firms moved operations to
Utah, creating a "Wall Street of the West"? It is because of Gov.
Herbert's tax incentives. That's one problem with "state
sovereignty" - it creates an environment where the main interest is poaching
the businesses from other states. No net job creation, just employee transfer
from one state to another.
casual observerSalt Lake City, UT
Feb. 22, 2014 10:44 a.m.
The state of New York advertises tax free zones and other incentives to lure
businesses and jobs. The city of New York under new Mayor di Blasio has done
just the opposite. Strange dichotomy.
Tax break helps NYC lure 'The Tonight Show' home
This is not a new concept. Why have so many financial firms moved operations to Utah, creating a "Wall Street of the West"? It is because of Gov. Herbert's tax incentives. That's one problem with "state sovereignty" - it creates an environment where the main interest is poaching the businesses from other states. No net job creation, just employee transfer from one state to another.
The state of New York advertises tax free zones and other incentives to lure businesses and jobs. The city of New York under new Mayor di Blasio has done just the opposite. Strange dichotomy.