Toyota moving marketing HQ out of California to Texas

California’s ridiculous taxes, regulations, and high costs are driving away thousands of high paying jobs (and consequent tax revenues) as Toyota Motor Sales (USA) is poised to announce the moving of their headquarters from Torrance, CA to Plano, TX. (Full disclosure: Toyota was a major client of mine for a number of years, and I have made many trips to Torrance on their behalf).

Of course, the company is saying nothing about the regulatory and tax climate, and is instead saying they want to be closer to Toyota’s US manufacturing operations in Texas, Mississippi, and Kentucky. But even the mayor of Torrance isn’t fooled. The LA Times reports:

Frank Scotto, Torrance's mayor, said he had no warning of Toyota's decision. He said he did know that the automaker planned a corporate announcement for Monday.

"When any major corporation is courted by another state, it's very difficult to combat that," Scotto said. "We don't have the tools we need to keep major corporations here."

The mayor said businesses bear higher costs in California for workers' compensation and liability insurance, among other expenses.

"A company can easily see where it would benefit by relocating someplace else," Scotto said.

http://www.americanthinker.com/blog/2014/04/toyota_moving_marketing_hq_out_of_california_to_texas.html