This argument is silliness. Yes, your state should have a competitive tax environment. But lowering rates to lure in a big fish isn't bad policy any more than offering a quantity discount on your product is bad policy. Bigger clients get bigger discounts, especially when they are openly shopping around.
Is that unfair to small business? Perhaps, but that small business isn't going to bring in tens of billions of dollars in tax revenue in one fell swoop.
while you have a point, there's a difference between offering a discount and taxing you because you made money.
The way it works here is
business is growing? pay more, getting better? pay even more (tax the rich), making even more? we will give you a discount to operate in NYC.
all these major tax incentives you hear is from the giant companies, while they scream tax the millionaires, BTW with a million dollars you could buy a condo not a house.