Philip Morris said:
If the tax increases on our products are coupled with taxes on our business model, we will execute plans already under review to move our Headquarters and a large part of our US operation to Turkey and The Philippines.
In 2007, Philip Morris awarded 352 grants to eligible non-profit organizations across the U.S. totaling more than $13.7 million. The majority of those contributions were focused in the headquarters and plant communities of Richmond, Va., and Cabarrus County, N.C.
That will go away.
The Philip Morris Employee Community Fund (PMECF) was established in response to employees’ desire to be more actively involved in the communities where they live and work. The fund allows employees and other interested donors to make charitable contributions that are combined to benefit non-profit organizations. The PMECF is the cornerstone of the employee giving efforts in Virginia and North Carolina. Since its inception, the PMECF has distributed 904 grants totaling more than $24 million to non-profit organizations
That will go away.
Virginia alone will lose over 2300 jobs.