By essentially any measure, Georgia is a low-tax, low-regulation, business-friendly state. So, why does Georgia’s business tax climate rank 34th in the nation in the Tax Foundation’s latest report?
The Tax Foundation’s business climate rankings are not a meaningful measure of a state’s overall business friendliness. The rankings do not actually measure how much businesses pay; they reward and penalize states along arbitrary and subjective lines; and, they rest upon an unproven foundation of economic assumptions. Perhaps most important, even if the rankings were devoid of flaws in their methodology, they would still reinforce the misguided view that small differences in state tax levels are the primary concern for businesses.
Download the full report for an overview of why the Tax Foundation’s Business Climate Rankings are flawed and a true picture of Georgia’s business tax climate.
Related Blog Post:
The Tax Foundation says Georgia’s got a Business Tax Problem. Do Not Pay Attention.