Compiled by the Washington, D.C.-based Tax Foundation and KPMG LLP, a global audit and tax firm, the study uses seven hypothetical firm models — corporate headquarters, research and development facilities, retail stores, call centers, distribution centers, capital-intensive manufacturing and labor-intensive manufacturing.
Current Taxes factored into the total rate include corporate income, property, sales, unemployment insurance, capital stock, inventory and gross receipts. For new firms, incentives include new job credits, investment credits, research and development credits, payroll and withholding tax rebates, and property tax abatements."We’re zeroing in on the firm-level or bottom-line question that we often get from business owners: How much will my company pay in taxes?" says Tax Foundation president Scott Hodge. Salt Lake Tribune
