Connecticut Voices for Children: Making Sense of the Rankings: Where Connecticut Stands on Business Taxes
ITEP Work in ActionIn recent months, there has been a steady stream of reports about state business taxation. The Council on State Taxation (COST), a trade association of large corporations, released its annual ranking of state and local business taxes, naming Connecticut the lowest-tax state in America. Then, Good Jobs First graded states on accountability provisions in their corporate subsidy programs, and the Institute on Taxation and Economic Policy (ITEP) and Citizens for Tax Justice (CTJ) released a list of the greatest avoiders of state corporate income taxes. Connecticut, it turns out, is home to both below-average accountability and some of the country’s biggest tax avoiders.