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Oracle Moving HQ to Austin

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Re: Oracle Moving HQ to Austin

#181

Post by dragonwriter »

economusty wrote: post #173
zaphirplane wrote: post #160

Earlier quoted context omitted.

Interesting, somehow I don’t think how companies where run in the 1950-1960 translates to today Look at the google ML firing/resigning storm, in the 50s someone fired end of story not the CEO saying they will investigate (honesty transparency aside)

"Firing/resigning" which is it, two different events there.

> “Firing/resigning” which is it, two different events there.

Which of those is the case is hotly debated. The legal concept of “constructive termination” recognizes that detailed inquiry into the history leading up to the end of employment may be necessary to distinguish those two things, and in this case its even debated whether it was firing or resignation in the superficial sense, as well as being debated as to whether it was constructive termination even if superficially resignation.

Re: Oracle Moving HQ to Austin

#182

Post by microtherion »

vzaliva wrote: post #80

Some people lament the decline of Silicon Vally companies like Tesla and Oracle moving out. I argue it could be a good thing. These giant enterprises are not really a pinnacle of entrepreneurship and innovation anymore. Let them move elsewhere and keep the Bay Area nurturing new entrepreneurs and startups. It is huge cubicle farms vs. garages and coworking places kind of distinction.

I don't think Tesla and Oracle belong in the same category. Tesla, for all its foibles, is still innovation driven and seems to be an active part of the tech ecosystem. Oracle seems more of the consulting/cubicle farm/enterprise driven company you describe.

Re: Oracle Moving HQ to Austin

#184

Post by davidw »

908B64B197 wrote: post #179
spamizbad wrote: post #163

Earlier quoted context omitted.

Most towns won't do this because most of its existing tax base will hate it despite it being a good idea. And they vote!

I don't see what they have to lose. Their house and land might be worth more.

Roseburg, Oregon/Douglas County wouldn't even cough up the money to fund their library system. Some places are not very, uh, forward thinking.

Re: Oracle Moving HQ to Austin

#185

Post by canniballectern »

beagle3 wrote: post #42

Likely irrelevant, but reminded me of this[0]: """Basically, we’re moving because of William Whyte‘s rule: virtually all corporate relocations involve a move to a location which is closer to the CEO’s home than the old location. Whyte discovered this principle after an extensive study of Fortune 500 companies that left New York City for the suburbs in the 1950s and 1960s""" Tesla will likely move its HQ to Texas foll…

You've already hinted at this, but it's not just selfishness - CEOs are much more mobile than companies. Both the CEO and the company as a whole are subject to similar incentives, but companies are big ships and execs' families are comparatively nimble.

Re: Oracle Moving HQ to Austin

#186

Post by triceratops »

danishdev wrote: post #28

Why is it so hard to realize that people want low taxes and light regulation? And that woke culture with it's free speech curtailment are a kind of 1984 environment where someone is watching your words constantly. California and NYC were great great states, and after decades of democrat governments, companies decide to move thousands of kilometers so they can leave these states in favor of Republican states. There's…

> YEt, I am not aware of anyone leaving a red state to live under the woke shackles.

University graduates and skilled workers?

Re: Oracle Moving HQ to Austin

#187

Post by xyst »

Just ship every aspect of your business from CA, NY, WA to TX. Zero income taxes to the state plus the city (Austin) will even give you millions of dollars in the form of tax breaks assuming you have an "in" with the city council.

Plus you consider where the world is going in terms of reversing global warming (ie, not very well), LA, SF, NYC will be under water due to the rise in sea level. Planning long term stays in these low lying areas is simply not smart, unless you don't plan to stay in business past 2050.

Re: Oracle Moving HQ to Austin

#188

Post by RyJones »

outside1234 wrote: post #183

At Microsoft they are starting to track your business travel days in other states and are going to WITHHOLD STATE TAXES (!!!) for the days that you spend in those states. Wonder if all of this is related.

That’s been the law forever; most people fail to file those taxes.

Re: Oracle Moving HQ to Austin

#189

Post by singhrac »

jldugger wrote: post #125
singhrac wrote: post #103

Earlier quoted context omitted.

Often (maybe always?) employees pay income tax in the state where their company's headquarters is, or the local office in which they work.

Is that ever true? I'm pretty sure you pay income tax in the state in which you work, regardless of where HQ is.

I am not a tax attorney obviously, but the information I've been given (by many sources) is that this year I'll pay taxes for the state in which my employer resides, not where I've been living. I think the decider is "state in which you work", which is what I meant by "local office" (i.e. I'm still considered to "work" in NY).

Re: Oracle Moving HQ to Austin

#190

Post by eropple »

filmgirlcw wrote: post #176
bch wrote: post #136

Earlier quoted context omitted.

Do you mean number of private workspaces that are called an “office” in a building affects how taxes are calculated? So reconfiguring the floors in a corporate building might affect how they file taxes? I’ve never heard of that before...

Yes. And it can be impacted at a municipality level, as well as a state or county level too. So the city of Seattle might have a different way they tax these things than the city of Redmond, in addition to whatever taxes are levied by King County or Washington State. ETA: there are very real reasons big companies have reconfigured workspaces and it isn’t about worker efficiency studies or even fitting more people int…

This is news to me. Could you provide some reading material on this topic?
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