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Companies like X and Oracle have moved CA HQ to Texas (OOPS! after only 4 years, Ellison is moving HQ to Nashville), but lots of employees continue to work in C
by k310 1y ago
Companies like X and Oracle have moved CA HQ to Texas (OOPS! after only 4 years, Ellison is moving HQ to Nashville), but lots of employees continue to work in CA. [0]
There seem to be three factors: Taxes on HQ, taxes on employees (always in the state where they work) and personal tax-dodging strategies. Go figure.
[0] https://californiaglobe.com/articles/oracle-moving-headquarters-out-of-austin-only-4-years-after-moving-out-of-california/ https://californiaglobe.com/articles/oracle-moving-headquart...