4 ms·
Would be hilarious to see Harvard & MIT relocate (in part or in full) to a friendlier tax jurisdiction – New Hampshire? SBF's Bahamas? – to avoid or lessen this
by gojomo 3y ago
Would be hilarious to see Harvard & MIT relocate (in part or in full) to a friendlier tax jurisdiction – New Hampshire? SBF's Bahamas? – to avoid or lessen this tax.
- yieldcrv 3y agoThey absolutely should, states are in competition with other states and they should be reminded about why the symbioses with those tax exempt entities exists. Massachusetts has identified a problem, its too bad that they also have to be tasked with identifying a solution. They really shouldn't be the same people but our social structure doesn't really accommodate that. And to top it off, the classic “fair share” quip when nobody can reach consensus on a definition. Massachusetts is swinging far harder than its relevancy.
- laidoffamazon 3y agoPersonally I'd see that as a net benefit - if they want to leave, great! It's an even more beneficial second order effect than billionaires and millionaires moving to avoid taxes.
- protastus 3y agoTheir endowments are already managed like hedge funds, so this would be entirely consistent with their playbook.