Millionaire taxes hurt the masses, from Newark to Paris - The Term Sheet: Fortune's deals blog Term Sheet: "hen New Jersey governor Chris Christie heard British Prime Minister David Cameron invite France's wealthy to decamp to England to escape a proposed 75% tax rate, he felt something akin to déjà vu. Every day top executives of Johnson & Johnson (JNJ), Merck (MRK), and other companies commute from their homes in Pennsylvania to offices in Christie's state, saving roughly two-thirds on their state income tax bill -- and costing New Jersey's treasury $50 million, by one estimate."'via Blog this'
No comments:
Post a Comment