A prototypical new
corporate headquarters in Omaha might have an effective tax rate of 1.4 percent
while the same one in Philadelphia would be taxed at 30.7 percent, according to
a 200-page analysis by the Tax Foundation and KPMG. In Kansas, a distribution center can be taxed
at more than 65 percent, compared to 18.3 percent in Ohio. The dramatic disparity among states has led
to attempts to “poach” companies by governors such as Texas'
Rick Perry, who this month used a series of television spots to encourage
Maryland companies to relocate there.
“If you want to
live free -- free from over-taxation, free from over-litigation, free from
over-regulation, a place that's got a great skilled workforce, move to Texas,”
Perry said. But the 2012 study
questions whether Perry is in a position to be boasting at all.
For older
companies, Maryland ranks favorably at 8th in the nation, compared to 12th for
Texas. For the relocating companies Perry hopes to lure, Texas may fare better
than Maryland, but hardly has bragging rights…… Among the states, the worst to
start a new business in are Hawaii, Pennsylvania and Kansas. The best are
Nebraska, Louisiana and Ohio…..To Read More….
No comments:
Post a Comment