Tag Archives: Tax Foundation

ILN Today Post

Ohio: Tax Foundation says tax structure is problematic

Earlier this year, we described a major problem that the Tax Foundation think tank has with the Buckeye State’s tax structure – the overly complex municipal income tax system that the Tax Foundation criticized as a “serious headache” that forces businesses to withhold income taxes from every jurisdiction that any employee works in. In some cases, the compliance burden exceeds the tax obligation.

The Tax Foundation continues to criticize Ohio’s ways. In Ohio Illustrated: A Visual Guide to Taxes and the Economy, the group, which puts Ohio at number 45 on its 2017 State Business Tax Climate Index, asserts that the state has “one of the worst business tax climates in the country.”

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ILN Today Post

North Carolina: Tax Foundation characterizes the state as a model for tax reform

The Tax Foundation, whose singular vision is “a world where the tax code doesn’t stand in the way of success,” has become bullish on North Carolina’s tax reform success, going so far as to characterize it as a “model for tax reform” in a speech last week at an event.

In its 2017 State Business Tax Climate Index the Tax Foundation swooned over the Tar Heel State’s “most dramatic improvement in the Index’s history—from 41st to 11th in one year.” The index considers how well states structure their tax systems relative to each other, rather than how much state governments collect in taxes, in part because “even in our global economy, states’ stiffest competition often comes from other states.” Indeed, tax competition is an “effective restraint on state and local taxes…states with more competitive tax systems score well in the Index, because they are best suited to generate economic growth.”

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