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Will businesses really leave? That’s the wrong question | Commentary
Interest in relocating businesses has nearly doubled due to tax concerns and perceived instability, with 44% of Washington business leaders considering leaving, survey shows.
- Nearly 44% of Washington business leaders are considering moving their personal residence to another state, with interest in relocating businesses having nearly doubled in the last year.
- Employers are wary of the tax and regulatory climate in Olympia, where Their Legislature continues to focus on raising revenue rather than supporting business competitiveness.
- Others are eyeing states like Arizona, Idaho, and Montana, perceiving these alternatives as having more stable tax systems despite maintaining income taxes.
- Kris Johnson, president of the Association of Washington Business, noted that some lawmakers are acknowledging the relocation threat as they consider tax policy decisions.
- Keep in mind that moving a family or business is a significant decision taking years to achieve, with some leaders choosing to grow operations in other states instead.
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Auburn Reporter+12 Reposted by 12 other sources
Will businesses really leave? That’s the wrong question | Commentary
Our recent survey of Washington employers hit a nerve. The results showing that 44% of business leaders are considering moving their personal residence to another state — and the number who are looking to relocate their business has nearly doubled in the last year — made headlines throughout Washington and even across the country.
·Auburn, United States
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