Fleeing High Taxes

Discussion in 'Politics' started by carpro, Jul 28, 2011.

  1. carpro

    carpro
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    http://www.chicagotribune.com/busin...nable-may-exit-state-20110728,0,6322503.story

    CME Group calls tax situation 'untenable;' says it may exit state

    CME Group Inc. is evaluating whether to move some operations to other states from Chicago to reduce its taxes, but it has not decided on an exact timeline, CEO Craig Donohue said Thursday.

    "Our tax situation is untenable," Donohue told Reuters, noting that CME is taxed more heavily than any of its global competitors. The company is talking with at least three states -- Texas, Florida and Tennessee -- about relocating some of its business to take advantage of lower tax rates there, Donohue said.
     
  2. Salty

    Salty
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    Why would those evil corporations even think about taking their tax $ out of Chicago
     
  3. targus

    targus
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    Because they're GREEDY and don't want to PAY THEIR FAIR SHARE.

    "Pay their fair share"... That phrase always cracks me up when I hear it coming from the 40% who pay no share. :laugh:
     

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