real estate and property tagged posts

States’ Tax Systems Ranked

October 28, 2010 Taxation in USA

Unsettled WindA new study has been published, ranking the tax environments for business across all US states. It was shown that New York state currently stands as the worst state in the country in regards to taxation, while South Dakota was ranked as the best.

The US Tax Foundation has released its latest annual State Business Tax Climate Index (SBTCI), which ranks the effect of states’ tax systems, based on personal income taxes, corporate income taxes, property taxes, sales taxes and unemployment insurance taxes. The report claimed that today’s economy is characterized by highly portable employees and capital, and states need to consider this reality when evaluating the effect of their own tax policies...

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New Zealand’s Tax System is Unsustainable

November 26, 2009 Taxation in New Zealand  No comments

According to the Tax Working Group, a New Zealand Government sponsored think tank, the country’s tax system is unsustainable. The conclusion was presented in the summary paper of the Tax Working Group’s fifth meeting, published November 25th. Growth, fairness and integrity issues – were concluded to be the primary aspects of the problem.The meeting summary also stated that the country’s tax base needs to be broadened for these to be resolved.

The Tax Working Group is a New Zealand government initiated project, involving twelve private and academic sector taxation experts. According to Bob Buckle, Chairman of the Tax Working Group, the group “will consider topics like the fiscal framework, the structure of personal income tax, corporate tax, GST and the integrity of the tax system”.

The mee...

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