As Gov. Deval Patrick jets to the West Coast next week to lure firms and jobs to Massachusetts, a group representing big-name foreign companies is urging members to suspend plans to invest or expand here due to a controversial new tax law.Massachusetts would rather be less competitive at getting jobs than New Hampshire.The struggles of big,activist government.
The move by the Organization for International Investment, which is upset with the state’s “combined reporting” tax aimed at raising $400 million, is the second time this month in which firms have threatened to cut or suspend activities in Massachusetts due to a new law.
Earlier this month, two life-science groups said they wouldn’t hold future conventions in Boston because of a recently passed bill cracking down on gifts to doctors from pharmaceutical firms.
Saturday, January 31, 2009
Foreign companies’ anger over new Mass. tax law clouds Deval Patrick’s trip
The Boston Herald reports: