When States Compete
How State Tax Climates Impact Corporate Investment
While the U.S. federal government struggles to keep corporate investment onshore, individual states are modifying their tax structures to entice businesses into their jurisdictions. Targeted incentives, phased corporate income tax reductions, and reworked apportionment standards are just a sampling of what state governments hope will attract companies (and their revenues.)
The infographic below, based on Bloomberg Tax interviews of tax professionals at large U.S. corporations, details how businesses take local tax issues into account when relocating and investing in new facilities, trends in state-backed tax incentives, and which states are perceived to have the best and worst corporate tax climates.