Wade Gibson, J.D.

This review of recent national rankings of state business taxes finds that Connecticut has low business taxes, generous subsidies with few strings attached, and considerable tax avoidance by major corporations:

• Connecticut is home the some of the country's biggest tax avoiders -- General Electric and Traveler's -- according to an analysis by the Institute on Taxation and Economic Policy and Citizens for Tax Justice of state and local taxes paid by Fortune 500 companies.
• Connecticut ranks poorly -- 36th in the Nation -- in a study by Good Jobs First on states' accountability for creating high-quality jobs through corporate subsidies.
• Connecticut ranks as the lowest-tax state in America for businesses, according to the Council on State Taxation (COST), a trade association of large corporations.

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Full Report (240.93K)