The Japanese parliament has approved a 3.29 percent cut in the corporate tax rate from an effective rate of about 35 percent, according to Bloomberg. Prime Minister Shinzo Abe has previously announced plans to lower the...
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- Tax Foundation Releases First-Ever Mid-Year Update of Fac...
Tax Foundation Releases First-Ever Mid-Year Update of Facts & Figures
We have re-released the 2009 version of Facts and Figures, a pocket-sized booklet comparing the 50 states on 37 different measures of taxing and spending, including individual and corporate income tax rates, business tax climates, excise taxes, tax burdens and state spending. The number and significance of state tax changes that have occurred in the first half of 2009 has necessitated the first mid-year update of the booklet in the annual publication's history.
According to Tax Foundation President Scott Hodge:
Many states have started the new fiscal year with tax codes that are vastly different compared to just a few months ago. Accurate and timely information on state fiscal issues is more important now than ever—especially as lawmakers in many states continue to struggle with budget shortfalls. As legislators look to the tax code for solutions, our Facts & Figures handbook provides a yardstick against which they can measure their state's fiscal competitiveness compared to others.
Read the news release or download a PDF of the booklet. Free single copies are available within the continental U.S. Send us an e-mail with your name and mailing address; please allow two weeks for delivery.
Although we are making the booklet available free of charge, the cost of updating, reprinting, and mailing it mid-year is significant, and this would not be possible without contributions from individuals who want to help promote sound tax policy. Please consider making a contribution to support the work of the Tax Foundation so that we can continue making publications such as this available to lawmakers, journalists, students, and all interested individuals. Thank you.
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About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.