Quote:
Originally Posted by Major
Don't blame the President. Blame the State of New Hampshire. It's 8% business tax is driving businesses out of NH. The Londonderry move is a temporary thing. Eventually, EFI will move to a more business friendly environment. My understanding is that this move was caused by the lack of attracting talent in the Lakes Region. I don't think Londonderry will be much better, but who knows. The reason why talent is fleeing the State is because businesses do not want to invest in NH. My business had an opportunity to invest in a NH location, but decided against it because of the 8% business tax. We were better off paying (and having our employees pay) Massachusetts' 5.35 personal tax. Lower or eliminate the business tax, and businesses will come.
|
Very few companies in NH pay the BPT or BET taxes and the ones that do pay very little. Labor force availability and quality are bigger factors for not locating in NH.