State & Local Business Taxes
April 2011
Competitiveness of state and local business taxes on new investment: Ranking states by tax burden on new investment. This study was prepared by the Quantitative Economics and Statistics Practice (QUEST) of Ernst & Young LLP in conjunction with the Council On State Taxation (COST). QUEST is a group of economists, statisticians, and tax policy researchers within Ernst & Young LLP’s National Tax practice, located in Washington, D.C. QUEST provides quantitative advisory services to private and public sector clients that enhance business processes, support regulatory compliance, analyze proposed policy issues and provide litigation support. COST is a nonprofit trade association based in Washington, D.C. COST was formed in 1969 as an advisory committee to the Council of State Chambers of Commerce and today has an independent membership of nearly 600 major corporations engaged in interstate and international business. COST’s objective is to preserve and promote the equitable and nondiscriminatory state and local taxation of multi-jurisdictional business entities. More of this article can be found
here.
Horse and Buggy Tax Structure Holding Ohio Back: An analysis of county sales tax revenue and implications for land use policy and renewed economic prosperity. This report demonstrates the increasingly regional nature of retail spending patterns in the state of Ohio between 1992 and 2009 by quantifying disparities in counties’ sales tax revenue collection. The new report’s findings support Greater Ohio’s previous calls for governance reform to provide modern vehicles for economic regrowth and tools to help regions build on their assets and achieve greater efficiencies and cost savings. Broadly speaking, the total amount Ohioans spend on retail goods has changed little over time, especially relative to income, but where they spend their money has changed considerably. This study illustrates that Ohio’s county- based sales tax structure is not well-suited to the regional way we live and shop and raises several important implications for policy makers striving to modernize Ohio’s governance and tax structures to bolster regional strengths and successfully compete in an ever globalizing economy. The complete article can be found
here.