The Tax Foundation released its annual
State Business Tax Climate Index, which ranks the states in terms of their friendliness to businesses when it comes to taxes.
«New York businesses continue to languish under the 49th
worst business tax climate in the country and nothing has been done to remedy that situation.
And a TD Economics report suggested Canadian firms will soon stop paying down debt and hoarding cash to «take advantage of the nation's much -
improved business tax climate to retool and raise productivity levels.»
The state's dismissal of corporate and individual income tax, lack of estate tax and low sales tax secured its top rank in The Tax Foundation's
State Business Tax Climate Index.
The state's dismissal of corporate and individual income tax secured its top rank in The Tax Foundation's State
Business Tax Climate Index.....
New York has the nation's worst local and state tax burden, 47th worst property taxes, 49th worst personal income taxes, 49th
worst business tax climate and 2nd highest debt burden, to go with its bottom - of - the - barrel Tax Freedom Day.
NY & NJ rank dead last (i.e., worst) for
their business tax climates.
He said it will improve the state's
business tax climate.