Its unbelievable how much corporate tax revenue has been lost to Wisconsin via the Corporate Vegas Loophole. It gets no better than zero tax, not one red cent. Walmart had been just one of many riding this ban wagon. Every company public or private who was and is headquartered in this State, and who may have subsidiaries in the State had, and has to pay their fair share. Our State has lost hundreds of millions of dollars due to this corporate welfare program. Gov.Walker has ripped into everyone who is union and placed the blame on them for this States $3.1b shortfall. Nothing like the $400b at AIG, and not even close to the $186b this government gave to them to party and and pay bonuses with as they were able to take care of their bets, like the one with Goldmans.
I would imagine his hope would be to destroy every union so companies can set up non union shops he hopes will move to WI. so they can enjoy all the benefits of corporate welfare, and the tyranny they can represent without representation.
This loophole was supposedly shut down, but only after the residents, and Wisconsin born companies became aware of it. It sounds like Gov.Scott Walker wants to re-institute it. His motto reads, "Open For Business". Like his Office!. Like Ryan's!
Publicly traded multi-nationals which makes up the largest percentage of companies incorporate in countries like Ireland, and Sweden with little more than a post office box, or an unused office to get around paying their fair share of US taxes..........GE is a good example. Their assets are here, but their mailboxes or empty offices are abroad. They may hire one person to answer the phone...........and our government has created this path through their various tax loopholes that allow this. Never understate what Lobbyist can succeed at.
