Four Reasons Why Toyota Will Be Looking at California In Its Rearview…

16 Июн 2015 | Author: | No comments yet »
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Four Reasons Why Toyota Be Looking at California In Its Rearview

Large companies headquartered in one don’t pack up and move out on a That has to go double for Toyota, opened its first U.S. in Hollywood in 1957. That made sense at the time it put Toyota close to a major where its Japanese-made cars be arriving in the U.S. And California’s still lived in the real

Today, however, about 75 of Toyota’s cars and trucks are in the U.S.Kentucky, Mississippi, Texas, and in Alabama. Perhaps more companies of all types and sizes are looking to settle in business-friendly which California decidedly is Hence, according to news the announcement Toyota is moving its headquarters from California to

The company will be prudent in its and press releases explaining the But here’s what are likely the forces.

1. High Taxes imposes a flat 8.84 state corporate income tax one of the highest in the countrywhich, incidentally, is on top of the corporate rate of 35 percent, is the highest in the developed world.

By contrast, the Texas corporate tax is zero. The state corporate is one reason why the Tax Foundation ranks as 48 in its state business tax climate

2. Burdensome Regulations Chief magazine annually surveys CEOs asking which are the best and worst for doing The editor told me in an interview the survey has two constants: Texas is first and California is always That finding is supported by surveys. CNBC does a for “America’s Top States for Doing In its 2013 survey California in dead last in the “cost of business” category.

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3. Follow the Profits People use the phrase “follow the money” in a sense. But when it comes to that’s exactly what should do.

Liberal politicians, of California has an abundance, want to buy electric, hybrid or very fuel-efficient cars. And they are to use the law to force Americans to embrace liberal vision. But those are costly to produce, demand is and profit margins are slim.

Americans much prefer and SUVs, which also to have the highest profit Toyota has been making a to give Chevy, Ford and some real competition. And the company makes its trucks in the largest truck market, it good business sense to go the profits are.

4. California’s Legislature Let’s face it, the who run the Golden State live in an universeone where companies high taxes, strangling and a spendthrift government. Next to California has to be the most dysfunctional in the countryeven handing out IOUs a few back because the state pay its bills. It’s so bad that Jerry Brownonce referred to as Moonbeam”has become the voice of in Sacramento.

Toyota’s abandoning high-tax for a business-friendly, low-tax stateas and more companies and individuals in states are doingmakes good and political sense. Now if there only a way to escape Washington, which is as bad if not worse than

Toyota WiLL
Toyota WiLL
Toyota WiLL

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