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PROBABLY more jobs will be leaving the state, I would imagine they are licking their chops over in wisconsin....if bus to bus tax goes through as proposed by Dayton might be a good investment to be buying land over in Hudson.
This is an insane move by IBM. I have worked on IBM Midrange for 30+ years and it is the Rochester workers and culture that have made IBM the money and the reliabilty that these systems are known for. IBM should be ashamed for moving more American jobs out to foreign soil!!! They should be taxed highly for every job they move and product they import from Mexico and plan to sell in the USA. How much longer are we going to let this happen?
Perhaps the tax structure is the problem. Another fine MN business leaves the state and takes its jobs with it. No matter. We can just raise the taxes on those who are left.
I really havnt quite figured out why anyone would run a business in this state, its not very business friendly, expect more to follow.
Yup, our tax codes encourage and reward corporations for doing business in foreign countries. Import tax now!
dflleft, nice try. In addition to moving jobs to Mexico they are also moving the work to NY. NY is easily as heavily taxed as MN so that was not likely a reason for the move.
IBM must be competitive like any company that wants to survive. Taxes and wages make a difference if most else is equal. Does this set off any alarms Minnesota legislature..Mr. Dayton? Where is Dayton to brag about this move?
IBM, 3M and a host of other companies are leaving the state for greener pastures. No one moves here, they only leave.
Moving manufacturing to Mexico? If anything IBM should be following the lead of others, automating and manufacturing back from Mexico AND China. Mexican jobs are more expensive than China jobs and companies are matching China labor expense with automation, thereby saving on the shipping costs. Typical shortsighted US Corporate thinking. Thinking profits quarter to quarter rather than long term.
For you democrats, "best possible infrastructure" means profits for the company. You continue to target businesses, and you will see more and more of this.
That is a fact.
This is why a business to business tax, additional corporate taxes, and a host of other tax proposals from your ilk destroy economies.
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