The 2023 State Business Tax Climate Index focuses on the sales and excise tax component. Sales tax rates and structure affect business attractiveness and consumer behavior. A well-structured sales tax has a broad base, few exemptions, and a low rate. Taxing business inputs increases costs passed on to consumers. The Index also considers how states tax remote sellers, penalizing those with high compliance costs.
Source: taxfoundation.org
Latest Posts in "United States"
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