The Best Solution to Business Handouts
The best solution to the need to avoid providing incentives is to have a “competitive tax climate.” Businesses don’t make location decisions on just the relative cost difference in taxes, other more significant factors are at play, like workforce quality/availability, proximity to market and a broad array of cost factors. However, we have been involved in too many expansion and attraction deals, where it’s hard to separate Wisconsin or Milwaukee from its competitors. We do not have a bad tax climate for business (when strictly factoring the effective tax rate on a corporation), but add in the fact that we…
