Hooray for Procter & Gamble

“‘We believe it is in the best interest of California, our company, and our consumers for the state to maintain fair and competitive tax policies for all businesses operating in the state,’ wrote Patrick L. Hayes, Procter & Gamble’s associate director for state government relations. “We are not involved in any formal opposition to Proposition 39.’

“If approved by voters, the proposal would change how taxes are calculated for multistate companies, increasing revenue by $1 billion annually and directing half of that money to energy efficiency projects for the next five years.”
Procter & Gamble stands aside as corporate tax battle heats up, by Chris Megerian, LA Times, August 3, 2012

Good for P&G! I’m going to buy some Ivory soap or something.

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