Los Angeles Business Journal article by Howard Fine posted on Monday, June 29, 2015 – “Business Burdens Heads Up; Firms, Jobs Head Out”
For the first time, more than half of Los Angeles County’s cities are considered high cost for taxes and fees on businesses, according to an annual survey being released this week. And with
more tax increases and minimum-wage hikes in the offing, the cost burden on local businesses is only going to get worse.
This year’s Kosmont-Rose Institute Cost of Doing Business Survey classified 45 of the county’s 88 cities as either “high cost” or “very high cost” when it comes to taxes and fees businesses
must pay. That’s up from 44 last year and continues a steadily increasing trend.
Even worse, seven cities in the county, including…