Source link : https://usa-news.biz/2025/11/14/north-carolina/north-carolina-climbs-to-13th-place-in-competitive-tax-rates-rankings/
Report: North Carolina Secures 13th Place in National Tax Competitiveness Rankings – The Center Square
A recent analysis by The Center Square ranks North Carolina as the 13th most tax-competitive state in the U.S., highlighting its appeal to businesses and residents alike. This assessment offers insight into how the state’s tax framework influences its economic landscape, spotlighting ongoing initiatives to balance effective revenue generation with a business-pleasant environment. As fiscal challenges loom, this ranking may guide policymakers in crafting strategies that foster economic expansion and attract fresh investments. Recognizing that favorable tax conditions often drive economic growth, this article delves into the primary factors behind North Carolina’s strong position among states with favorable tax systems.
North Carolina’s 13th Place Tax Ranking: Implications for Businesses and Residents
Recent findings place North Carolina at number 13 nationally for tax competitiveness, reflecting its dedication to creating an inviting climate for commerce. This notable ranking is attributed to several key elements including a relatively low corporate income tax rate paired with a progressive personal income tax structure. For companies eyeing expansion or relocation, the state’s dynamic economy combined with a skilled labor pool makes it an attractive hub for both startups and established firms. Industry analysts believe this status could considerably influence…
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Author : Victoria Jones
Publish date : 2025-11-14 15:26:00
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