CBN News reports on how businesses are fleeing California because of the heavy tax burden and regulations being imposed on them by the state. But even more than just a heavy tax burden, businesses are fleeing what they see as unfair taxation as well. In December of last year, California decided to cancel a tax break that businesses had been using and then decided to collect taxes from that tax break retroactively. So business who used the tax break for the past 5 years had to ‘reimburse’ the state of California for the entire 5 years of money they saved from that tax break. This has created an atmosphere of tremendous uncertainty is one of the reasons businesses are abandoning the state.
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