Monthly Archives August 2019

More California Tax Abuse

I just learned that California ranks 49th out of 50 in the quality of tax administration, according to the Council on State Taxation. Just read a real eye-opening column about how California government agencies often “cheat on the way that they collect taxes.” This is one of many reasons why I say that if you have a business in California, you would be wise to leave the state. To understand the “who, what, when, where and why” companies & people are exiting the state in big numbers, see “Why Companies Leave California” https://spectrumlocationsolutions.com/california/ See the column entitled, “Government compounds insult
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Another Electronics Co. Leaves Business-Hostile California: Chip 1 Exchange Moves U.S. HQ to Texas

Chip 1 Exchange, a global distributor of electronic components and peripherals, has moved its U.S. headquarters and logistics operations from Lake Forest in Orange County to Fort Worth, Texas. The operation will start with 20 employees in a facility that includes a quality control lab, regional sales office and purchasing hub. The company expects to be hiring a couple of hundred people during the next few years. Established in 2001 in Germany and launching its U.S. operations in 2007, Chip 1 Exchange supplies electronic components for aerospace, medical, automotive, industrial, defense, mobile computing and consumer applications. See the BIZNOW story
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