Oct 29 2006
Indiana is Tax Friendly for Small Business
In this week’s IBJ there is a summary of a report from the Washington, D.C.-based Tax Foundation which said there are only 11 states which take a smaller share from businesses for Taxes than Indiana. In its “2007 State Business Tax Climate Index” report released Oct. 11, the Tax Foundation ranked Indiana 12th overall in the nation for its business tax climate.
“Labor and capital are more mobile than ever,” said Chris Atkins, co-author of the Tax Foundation’s report. “In the global competition for jobs, no state can afford to be saddled with a tax system that unduly punishes new business investment.”
This is good news for the Indiana economy! While some of our neighbors, particularly Ohio have raised taxes, or business friendly tax base makes it easier for small companies, to start, thrive and grow!
