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Massachusetts business taxes: unfair? inadequate? uncompetitive?

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Author Info
Robert Tannenwald

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Abstract

In debating Massachusetts business tax policy, protagonists have cited many different indicators purporting to assess the fairness, adequacy, and competitiveness of the Commonwealth’s business taxes. These statistics actually reveal very little about the degree to which Massachusetts business taxes achieve these widely accepted tax policy goals. The author explains why these indicators are misleading and presents new indicators of business tax competitiveness that, although imperfect, are more accurate than those most widely quoted. The article concludes that the fairness of Massachusetts business taxes is unclear and that the Commonwealth’s corporate income taxes are inadequate. The clearest conclusion drawn is that Massachusetts business taxes do not harm its competitive standing.

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Publisher Info
Paper provided by Federal Reserve Bank of Boston in its series Public Policy Discussion Paper with number 04-4.

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Date of creation: 2004
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Handle: RePEc:fip:fedbpp:04-4

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Related research
Keywords: Business tax - Massachusetts;

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This paper has been announced in the following NEP Reports: References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Alicia H. Munnell & Leah M. Cook, 1990. "How does public infrastructure affect regional economic performance?," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 11-33.
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  2. Robert Tannenwald, 1994. "Massachusetts' tax competitiveness," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 31-49.
  3. Robert Tannenwald, 1996. "State business tax climate: how should it be measured and how important is it?," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 23-38. [Downloadable!]
  4. William H. Oakland & William A. Testa, 1998. "Can the benefits principle be applied to state-local taxation of business?," Working Paper Series WP-98-16, Federal Reserve Bank of Chicago. [Downloadable!]
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Robert Tannenwald & Nicholas Turner, 2004. "Interstate fiscal disparity in state fiscal year 1999," Public Policy Discussion Paper 04-9, Federal Reserve Bank of Boston. [Downloadable!]
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