Tesla (TSLA) CEO Elon Musk recently said he will move the headquarters for SpaceX and X from California to Texas (SpaceX is already incorporated in Texas...
he will move the headquarters for SpaceX and X from California to Texas . But will other companies follow suit?joins Catalysts to break down impacts Musk's move will have on his companies and why others may not be so quick to follow.Well, Elon Musk in recent weeks announcing that he will be moving the corporate headquarters for Space X and X to Texas Musk basing the move on a new California law that he called quote the last straw zooming out though.
But you also have the state of incorporation where Delaware is a popular pick, uh home to 67% of fortune 500 companies still.And that really has implications for their tax bases where they're going to have to pay hefty fees to Uncle Sam and to the state.But over time, these legal experts say there could be a more significant shift if is moving, in fact, his workforce, for example, his business operations all shifting to Texas that could be really significant.
But if you look in 2023 59 1007 129 companies chose to call Delaware their incorporation state that was up from 2022. Plans to hold a nonbinding referendum on Puerto Rico’s political status came under scrutiny Wednesday for its multimillion-dollar cost as election officials announced the order and description of choices on the upcoming ballot. The $1.3 million referendum that critics have described as “inconsequential” will feature three choices in the following order: independence with free association; statehood and independence. Under the free association option, issues like foreign affairs, U.S.
Today, the Honourable Patty Hajdu, Minister of Indigenous Services, alongside Chief Darcy Bear of the Whitecap Dakota Nation, announced $15 million to support the construction of the first thermal style spa in Saskatchewan, Dakota Dunes Thermal Spa. The total cost of the project is expected to reach $52 million. Whitecap Dakota Nation has secured equity and financing for the remaining investment.
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