Saturday, January 31, 2009

Foreign companies’ anger over new Mass. tax law clouds Deval Patrick’s trip

The Boston Herald reports:
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.

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.


Massachusetts would rather be less competitive at getting jobs than New Hampshire.The struggles of big,activist government.