Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

[Dont Taz Me Bro]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

 

[egp320i]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

wow, been out of SF for like 240 years or something, all the way back to the gold rush era

they mention wealth operations but not the banking main structure, assume that's still SF where they started
before CA went left and woke

 

[badbob85037]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

I would rather worry about our Congress just passing a law getting us a lot closer to a cashless society.

 

[frigidweirdo]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

Maybe, and the people are losing.

The EU stopped the practice of large companies getting huge tax breaks that other companies don't get.

If you have a tax rate, all pay this.

The US is run by big money, for big money.

And then Trump stopped large US corporations having to pay at least 15% in tax. Because.... he's rich.

 

[ColonelAngus]

Maybe, and the people are losing.

The EU stopped the practice of large companies getting huge tax breaks that other companies don't get.

If you have a tax rate, all pay this.

The US is run by big money, for big money.

And then Trump stopped large US corporations having to pay at least 15% in tax. Because.... he's rich.

Let us discuss what benefits are gained locally by a corporate HQ opening in a municipality.

Can you think of any?

Lets say ABC123 Inc opens a corporate HQ with 1000 employees.

Starting with the construction of the building itself.

Can you think of why local municipalities may give them a break on paying taxes on NET INCOME?

 

[luiza]

I would rather worry about our Congress just passing a law getting us a lot closer to a cashless society.

The two are intertwined .

Banks are in terrible trouble and Deep State literally have to control the death of fiat currency and the start of Complete Sheeple Control through Digital ID .

Which of course Trumpfy will oversee -- as I have forecast many times .
It's what any decent Jewish Deep State US President is obliged to do .

 

[kyzr]

Maybe, and the people are losing.
The EU stopped the practice of large companies getting huge tax breaks that other companies don't get.
If you have a tax rate, all pay this.
The US is run by big money, for big money.
And then Trump stopped large US corporations having to pay at least 15% in tax. Because.... he's rich.

I object to taxpayer money being "given" to corporations as "subsidies", i.e. GIFTS, as opposed to buying stock for a new "sovereign fund" whereby taxpayers get some value for their tax dollars.

 

[kyzr]

Let us discuss what benefits are gained locally by a corporate HQ opening in a municipality. Can you think of any?
Lets say ABC123 Inc opens a corporate HQ with 1000 employees.
Starting with the construction of the building itself.
Can you think of why local municipalities may give them a break on paying taxes on NET INCOME?

That logic makes sense to Republicans but not to democrats.

Remember when Amazon's HQ2 was going to be built in AOC's district? Converting a blighted area into a modern corporate HQ?

What did AOC's stupid democrats do? They sent HQ2 to VA, losing $billions in tax revenue and thousands of high paying jobs.

...New HQ2 in VA

...stupid NYC prefers blight

 

[ColonelAngus]

That logic makes sense to Republicans but not to democrats.

Remember when Amazon's HQ2 was going to be built in AOC's district. converting a blighted area into a modern corporate HQ?

What did AOC's stupid democrats do? They sent HQ2 to VA, losing $billions in tax revenue and thousands of high paying jobs.

View attachment 1209142...New HQ2 in VA

View attachment 1209144...stupid NYC prefers blight

As I typed my post, that situation was in my frontal lobe.

One of MANY examples is when Verizon opened a Finance hub in Lake Mary, Florida. Just east of Orlando. The economic boom to the local area was astounding.

 

[luiza]

As I typed my post, that situation was in my frontal lobe.

One of MANY examples is when Verizon opened a Finance hub in Lake Mary, Florida. Just east of Orlando. The economic boom to the local area was astounding.

With respect, it is all trivial and inconsequential within the total picture :-
Debt exceeds $38 trillion .
Obligations probably exceed $300 trillion , and ,
Derivatives exceed 1 quadrillion

Your country and the planet is financially dead .
Fucked beyond recovery .
Buy Food , Water and Commodities -- natural resources that are indispensible .

 

[ColonelAngus]

With respect, it is all trivial and inconsequential within the total picture :-
Debt exceeds $38 trillion .
Obligations probably exceed $300 trillion , and ,
Derivatives exceed 1 quadrillion

Your country and the planet is financially dead .
Fucked beyond recovery .
Buy Food , Water and Commodities -- natural resources that are indispensible .

And if YOU post something bad about the King, you can be incarcerated.

This thread is about corporate tax breaks by municipalities inviting those corporations to open HQs in their area.

You could post what you posted in a discussion about anything financial.

Federal taxes and state and local taxes are not the same.

I am all for removing SALT deductions from federal taxes liability.

 

[ColonelAngus]

Lefties have no ability to use critical thinking to examine an issue.

It is pretty amazing.

You fools do not need to be spoon fed.

If you cannot articulate the benefits to a municipality when a large corporation opens an HQ within their jurisdiction, you are a ******* retard.

 

[Independent thinker]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

Not to worry, California can just increase taxes on everyone remaining.

 

[otto105]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

Considering all the fraud that bank has done, not surprising.

Probably going to put Medicare fraudster rick scott on the board.

 

[ColonelAngus]

Considering all the fraud that bank has done, not surprising.

Probably going to put Medicare fraudster rick scott on the board.

You agree fraud is bad?

Tell your commie pals. They do not.

 

[Captain Creeper]

Maybe, and the people are losing.

The EU stopped the practice of large companies getting huge tax breaks that other companies don't get.

If you have a tax rate, all pay this.

The US is run by big money, for big money.

And then Trump stopped large US corporations having to pay at least 15% in tax. Because.... he's rich.

That is a rather simplistic view, my friend.

 

[Oddball]

Maybe, and the people are losing.

The EU stopped the practice of large companies getting huge tax breaks that other companies don't get.

If you have a tax rate, all pay this.

The US is run by big money, for big money.

And then Trump stopped large US corporations having to pay at least 15% in tax. Because.... he's rich.

Yet not a peep out of whiners like you about the inflation tax.

 

[Thinker101]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

Not sure if banks are subject to California's wealth tax, or is Wells just following the money? But never fear, I'm sure Newsom has at least 12 excuses why they moved.

 

[Unkotare]

Uncanny timing that this is happening with California's wealth tax looming over the state. Everyday more businesses are fleeing the once "golden state" for better horizons. Florida has a better business climate, lower taxation, and less regulation. Florida is winning again while big government California is losing.

Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida

Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic commitment" to serving high-net-worth clients by increasing the wealth branch's reach in Florida.

www.foxbusiness.com

Which will be the first to relocate to Greenland?

 

[Oddball]

The fed the crocodiles for years, and now that they're getting eaten they run to **** up another state.

They're only slightly less shitty than BoA.