Bloomberg BNA: Federal Tax Law May Spur Business Relocations Among States

Such migration concerns are “overblown,” Carl Davis, research director at the liberal-leaning Institute on Taxation and Economic Policy, told Bloomberg Tax.

“High-income earners tend to move less often than everyone else because they are already living comfortably,” Davis said. “There is no need for them to uproot their lives in search of a tax savings that will not meaningfully impact their quality of life.”

Academic research shows that taxes don’t have a significant impact on migration, Davis said. Read more

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