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"
- Maine Changes Sales Tax Timing for Leases Under New Implementation Rule
- Illinois Eliminates State Grocery Sales Tax, Allows Local 1% Tax Options
- California Extends Sales Tax Exclusion for Energy Projects Until 2028
- Washington Expands Sales Tax to IT Services, Marketing, and Online Classes
- Illinois Expands Hotel Tax to Short-Term Rental Platforms Like Airbnb Starting 2025
