1 / 9

Overview

Overview. Recent state tax reform efforts Drivers of reform Upcoming elections / 2014 predictions. 2012/3 Reform Proposals. Major reform Minor reform Margins Tax. Policy. What tax system is best for my state? Minimize disincentives to investment and employment OR

cutter
Download Presentation

Overview

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Overview • Recent state tax reform efforts • Drivers of reform • Upcoming elections / 2014 predictions

  2. 2012/3 Reform Proposals Major reform Minor reform Margins Tax

  3. Policy What tax system is best for my state? • Minimize disincentives to investment and employment OR • Maximize social justice

  4. (Presidential?) Politics • Republicans: • Income taxes bad / consumption taxes good • Loopholes are bad • Democrats: • Consumption taxes bad / income taxes good • Loopholes are bad

  5. Changing Economy • Consumption: 1930s v. today • Reliance/impact on manufacturing • Rate pressures

  6. Taxing Business Inputs • Results in tax “pyramiding” • Places companies selling outside the state at competitive disadvantage • Distorts economy by encouraging vertical integration • Hides the true cost of government

  7. 2014 Reform Proposals Broad Reform Narrow Reform Margins Tax

  8. Questions? Joe Crosby Principal MultiState Associates jcrosby@multistate.com 703.684.1110 (o) 207.749.4701 (m)

More Related