GE is considering moving its corporate headquarters out of Connecticut after the Nutmeg State's latest tax increase, National Review reports. The publication links to an email from GE CEO Jeff Immelt, who writes, "As a result of this law passing, I have assembled an exploratory team to look into the company's options to relocate corporate HQ to another state with a more pro-business environment...Our taxes have been raised five times since 2011...This will be the second highest tax increase in the state's history behind only the more than $2 billion tax hike passed in 2011."
GE Looks To Leave Connecticut
https://www.futureofcapitalism.com/2015/06/ge-looks-to-leave-connecticut
by Editor | Related Topics: General Electric, Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list