Delaware Business Now
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Delaware ranks among the top three states nationwide for its corporate tax climate, according to a new report by the Tax Foundation and KPMG.
The Delaware Prosperity Partnership and the Delaware Business Roundtable served on the advisory committee for a national study conducted by the Tax Foundation and KPMG to rank corporate tax favorability across the nation.
The report, Location Matters, assesses the corporate tax burden in two categories of cities – major and mid-sized – throughout all 50 states, accounting for the wide range of tax impacts faced by businesses such as property tax, income tax, sales tax and others. The study compared the full tax burden faced by businesses in all 50 states.
February 8, 2021
In a joint letter sent to Gov. John Carney and his administration, the Delaware Business Roundtable and Delaware State Chamber of Commerce submitted a number of essential priorities that must be addressed urgently if recovery from the pandemic’s impact is to move more quickly.
The letter also expressed that the business community is prepared to immediately assist in the enormous task of vaccinating Delawareans as quickly and efficiently as possible.
Last April, when it was clear the pandemic would have a significant impact on Delaware, the two organizations recommended several urgent priorities that needed to be addressed, including worker retraining, expanded broadband capacity, and assistance for small businesses and their families. While some progress has been made on many of those recommendations, it is clear that much more needs to be accomplished, since the pandemic’s impact has now been in effect for almost a year.