Corp tax rates by State
Posted by taxguru on February 7, 2016
Tax Foundation has an interesting look at the different tax rates that the various states levy on corporations
It has long been a common tax savings technique to shift income from high tax states to those with low or zero State income tax rates. When we were in California, we helped clients shift a lot of income from that state’s high rate corp tax to zero tax states, such as Washington and Nevada.
There are a number of requirements to do this legally and avoid problems with the high tax state agencies who obviously don’t like this strategy; so anyone considering doing this should work with an experienced professional tax advisor and not try this technique on their own.
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