Quote:
Originally Posted by theducks
Taxes have driven many a job off shore. I live in the heart of the Silicon valley
|
Not just jobs. Also conventions. I've come across several small businesses that have a formal rule of no conferences or conventions that could be even misconstrued to take place in California, and an informal policy that no employees are allowed to visit California. Their nightmare is that an employee on vacation, might inadvertently do something, that triggers something that mandates that the company adhere to both their local state laws and regulations, and those of California.
The example one owner gave me, was attending a three day conference in San Francisco, and signing a sales contract during the conference. That single act established a business nexus for both tax purposes, and regulatory compliance.
Quote:
|
Taxes and Regulation are killing American jobs.
|
One SOHO owner I talked with, is slowly firing vendors who have either their place of incorporation, or headquarters, in California. His concern being the regulatory burden.
It isn't things like
The California Consumer Privacy Act of 2018 that concern him, as much as it is the documentation, and paperwork for things that his organization never deals with, but still has to prove it is in full compliance with.
Amber