In These Times: Cities Scrambling to Attract Amazon Because It “Creates Jobs” Are Being Sold a Lie

Indeed, it’s far more likely that businesses make decisions on where to locate based on a talented workforce and top-quality infrastructure than their tax rate. The Institute on Taxation and Economic Policy reported in 2013 that state and local taxes are only about 1.8 percent of a company’s cost of doing business. You cannot possibly lower the tax rate enough to supersede all the other factors. The giveaways are as unnecessary as they are ineffective. Read more