Because he is not really moving. Moving the HQ doesn’t mean moving the entire company. He is just moving the address of where the corporation is registered and only move the finance and admin department to Austin. Texas has no corporate income tax.
Just like how he “moved” Tesla to Austin. and turned the office in California into a R&D hub. So basically every Tesla employee in California stayed in California.
Dude could foot the bill to end world hunger. Doubt either would happen anytime soon. The last charitable thing I can remember him doing was offering that dumbass submarine in the Thai cave rescue before calling the actual rescuer a pedo.
Also investing into local infrastructure or running your own seperate seperate infrastructure is more of a Fordian thought process. Which has been all but abandoned by the modern corporate class. I legit dont get why companies with large campuses specifically with large parking lots arent fallibg over themselves to build awnings with solar panels on top.
This is hilarious. With the Texas electrical system, there’s going to be days when they cant operate.
My company cancelled opening up a campus there because of that issue!
Because he is not really moving. Moving the HQ doesn’t mean moving the entire company. He is just moving the address of where the corporation is registered and only move the finance and admin department to Austin. Texas has no corporate income tax.
Just like how he “moved” Tesla to Austin. and turned the office in California into a R&D hub. So basically every Tesla employee in California stayed in California.
He could drop a few billion into TX power grid infrastructure and probably buy quite a bit of goodwill.
Sounds like taxes with extra steps.
*Taxes with fewer steps.
No need for all that pesky tax paperwork, save for end-of-year tax filings.
Dude could foot the bill to end world hunger. Doubt either would happen anytime soon. The last charitable thing I can remember him doing was offering that dumbass submarine in the Thai cave rescue before calling the actual rescuer a pedo.
Also investing into local infrastructure or running your own seperate seperate infrastructure is more of a Fordian thought process. Which has been all but abandoned by the modern corporate class. I legit dont get why companies with large campuses specifically with large parking lots arent fallibg over themselves to build awnings with solar panels on top.