According to the Tax Foundation’s State Business Tax Climate Index, Louisiana ranks 42nd on tax competitiveness. Senior Policy Analyst Jared Walczak says the Bayou State has one of the nation’s most complex tax structures. He says Louisiana has a number of taxes that most states have foregone.
Wyoming ranked number one in the nation when it comes to tax competitiveness and New Jersey came in 50th. Walczak says Louisiana’s complex tax code makes it difficult for new companies to conduct business.
The index reports Louisiana ranks 50th for the state’s sales tax structure. Walczak says Louisiana could benefit greatly if it simplified its tax code.