tax incentives

NBER research questions value of state business tax incentives

In 2015, state and local business incentives across the nation combined for a total annual cost of roughly $45 billion, according to Timothy Bartik's 2017 report for the Upjohn Institute for Employee Research. New research suggests states and regions trying to attract business through the use of firm-specific tax incentives may want to try another tactic.

New book finds job-creation tax incentives mostly fail, improvements recommended

Tax incentives don’t affect a company’s decision on where to locate in a majority of cases, according to a new book. Making Sense of Incentives: Taming Business Incentives to Promote Prosperity by Timothy J. Bartik of the W.E. Upjohn Institute for Employment Research does conclude that better-designed tax-incentive programs “when combined with business services and other smart policies … can be a cost-effective way to promote inclusive local economic growth.”

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