California leads the way again

July 28th, 2002 – 2:34 pm
Tagged as: Uncategorized

“California, the most populous and richest state in the US, will no longer do business with or invest in companies that dodge US taxes.”

First they raised their auto emissions standards even higher, and now California is the first state to adopt tough restrictions against investing in U.S. corporations that move their headquarters off shore (at least on paper) to avoid having to pay the taxes they owe. As the article points out, given the sheer size of California, and the amount of money they toss around, this isn’t going to be something that businesses can just ignore.

Read the article here.

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