Special report: Goldman's promised land: Salt Lake City
Last edited Thu Aug 30, 2012, 11:44 AM - Edit history (1)
Low taxes and a cheap but well-educated workforce persuaded Goldman to go on a hiring binge in Salt Lake City. The bank now employs 1,300 people here -- putting Utah's capital city on a path to become Goldman's fourth-largest global operation, behind only New York, New Jersey and London.
Utah Gov. Gary Herbert has pledged not to raise taxes, and has made corporate tax breaks a focal point of his economic development plan.
Goldman Sachs ranks as the second-biggest beneficiary behind Procter & Gamble Co of Utah's tax-break program, having inked a deal in 2009 to receive an estimated $47.3 million worth of rebates over 20 years. In exchange, the bank committed to investing $51 million in Utah, maintaining at least 1,065 employees and paying them at least 50 percent above the average Salt Lake County wage.
The deal built upon a previous $20 million tax break deal Goldman received two years earlier under Herbert's predecessor, Jon Huntsman.
~~random snips
IMHO not paying your fair share of taxes is UN American.
http://www.reuters.com/article/2012/03/09/us-usa-goldmansachs-utah-idUSBRE8280XC20120309
Oops link might help
= new reply since forum marked as read
must be suffering from post rnc syndrome 