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Inward Investment Guides
How to Handle Unfavorable Tax Statutes
Question Originally Asked Here:
How can businesses in states with unfavorable tax requirements limit the negative effects of those burdens?
 

Amy Gerber, Executive Vice President, Jones Lang LaSalle
States that have a burdensome tax environment need to develop and promote a compelling value proposition on other considerations that influence location decisions in efforts to reduce the impact of high taxation in the site selection decision process. For instance, a state might have compelling labor, utility, or real estate costs which may individually or in combination erode the negative impact of taxation. From a non-financial perspective, a state might represent a strategic supply chain location, or have developed a core labor competency for a certain industry cluster that is unique in the market. All considerations should be viewed in concert with taxation in the location evaluation process to provide a holistic assessment of the location’s desirability for investment. Economic development incentives programs are yet another option available to a state and/or community to change the tax landscape. Many states have been successful in designing very effective and targeted programs to specifically address issues of taxation.
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