Category: Saab
Posted by Bruce Hall on Mon, Oct 19, 2009 at 11:09 AMPlaying the relocation card
Saab, a venerable Swedish brand acquired by and being disposed of by General Motors Co., is seeking a new headquarters.
Naturally, Saab will want to make the break completely from GM so it wants to pack its bags and head out of Detroit. Given the tax situation in Detroit, employees going with Saab are probably smiling widely.
That leaves the new company looking for tax goodies, too. "Give us a break or we'll leave the state." Considering all of the empty commercial properties going for deep discounts, Saab would be hard pressed to find better purchase or lease rates. So why would the state consider giving Saab tax breaks? Because other states will.
Saab continues as a brand only because the taxpayers of the nation gave GM a pile of cash. Now Saab wants taxpayers to shoulder more of the load so that Saab can avoid paying the state. And if the state gives Saab a break, it only gets to keep the jobs already here - not add jobs to the payroll.
Who says you can't get something for nothing?
Comments
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tax breaks/Saab
There needs to be a federal law passed against tax breaks to any company for locating in the U.S.A.
Let all companys play on the same level field. And save the taxpayers money for other needed things.
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