Alaska is the 32nd Best State for Business 2014
Alaska is considered a “best state” for startups. Since Alaska has no individual income or state-level sales taxes, more entrepreneurs are burning the long, midnight oil in the land of the midnight sun. That qualified it for the No. 4 spot in the Tax Foundation’s latest State Business Tax Climate Index. Last year, the state cut taxes for small businesses earning $222,000 or less, and oil-tax simplification will give Alaska a great economic advantage. The state tied for No. 4 in the three-year Kaufmann Index.
May 8 2014 by JP Donlon
State-Local Tax Burden
|Development Trend Indicator: Neutral|
|Oil-tax reform helps competitiveness but minimum-wage hike is threatened.|
Based on CEO Survey by ChiefExecutive.net