Missouri’s tax climate named most competitive in South Central Region of the nation| 11 years ago
In a new study by Ernst & Young, Missouri ranked highest in five of the eight business categories examined, including business friendliness. Taxes examined in the report included corporate income taxes, franchise taxes, sales and use taxes on business purchases, and local property taxes. The types of companies considered in the report included corporate headquarters, research and development, manufacturing, food processing, renewable energy, and business support services. The Ernst & Young report noted that Missouri averaged 27 percent in tax credits, the highest of the states studied and a major indicator in the state’s top ranking.