Senate Finance Committee Chairman Max Baucus has released a detailed proposal for international corporate tax reform, which we summarized earlier this week. While there are some improvements to current law, the proposal...
- Wall Street Journal Editorial Highlights State Business Tax Climate...
Wall Street Journal Editorial Highlights State Business Tax Climate Index Information on New Jersey
By Wall Street Journal Editorial Board
Tony Soprano may be off HBO, but his imitators are apparently still alive and well and living in New Jersey. On Thursday, federal agents arrested 44 people, including at least 19 current or former New Jersey public officials, on corruption and money-laundering charges. ...
We'd add that the opportunities for corruption multiply in proportion to the power and size of government. According to the Tax Foundation, New Jersey had the worst business tax climate among the 50 states in 2008 and 2009, the highest state and local tax burden in the country, and a top marginal income tax rate of nearly 11%. The state has 566 local government authorities with the power to impose a mind-numbing array of taxes, fees, regulations, edicts and ordinances.
Recently, Governing Magazine ran a blog post analyzing our 2014 State Business Tax Climate Index and its relationship to key economic outcomes like wages and employment-to-population ratios....
On May 28, Wisconsin Representative Dale Kooyenga introduced a bill that reforms numerous elements of Wisconsin’s tax code. These reforms would improve the state’s ranking in the State Business Tax Climate Index,...
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