GE wooed by Texas after Connecticut increases taxes

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 · That Democratic tax hike included a slew of corporate-income-tax increases, coming to roughly $500 million. At 9 percent, Connecticut’s corporate tax is now fifth-highest in the country.

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GE Wooed by Texas After Home State Connecticut Increases Taxes The company has formed an exploratory committee to weigh its options. That’s all the encouragement Texas needs.

 · Connecticut Governor Dannel Malloy proposed lowering a business-tax increase by $224 million after companies including General Electric Co. said they would consider moving.

 · Connecticut’s corporate income tax rate is nominally 7.5 percent, but GE likely pays an effective rate of 9 percent due to surcharges on growth income, versus 8 percent in Massachusetts.

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A recent decision by the Connecticut Supreme Court (Byrne v. Avery Center for Obstetrics and Gynecology) confirmed a patient’s common law right to sue in these situations putting health care providers.

That said, state and local taxes remain down substantially from the national average of 10.4% in 1977, when the study was first published. In the latest report, residents of New York, New Jersey and.

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The major practical effects of the bill, once signed, are: Making 12 weeks of paid leave, funded by a 0.5% employee payroll tax (effective in 2021), available to the vast majority of employees in.

“Our rapid growth in renewable energy investments benefits not only GE’s customers and shareholders but society at large,” said David Nason, President and CEO of GE Energy Financial Services. “These.

 · Texas Governor Greg Abbott knows a good opportunity when he sees it. Abbott, a Republican, penned notes to executives at Connecticut-based General Electric Co., Aetna Inc. and Travelers Cos Inc.