NEW YORK – Baton Rouge and New Orleans ranked one and two respectively that offer the most favorable tax structures for businesses among U.S. cities/ locations with populations between 750,000 to 2 million, according to a study released today by KPMG LLP, the audit, tax and advisory firm.
Meanwhile, Shreveport captured the top spot for small cities/ locations with a populations of less than 750,000.
In total, 18 medium-sized markets and 27 small-sized markets were compared in determining the final rankings.
“Louisiana, in particular, fared well because of the state’s tax structure and total business costs,” said Christine Bustamante, principal in the Global Location and Expansion Services practice of KPMG LLP.
KPMG’s 2016 Competitive Alternatives: Focus on Tax study is a global comparison of the total tax burden that companies may face, including corporate income taxes, capital taxes, sales taxes, property taxes, miscellaneous local business taxes and statutory labor costs – contributing to the study’s Total Tax Index (TTI).
KPMG LLP is the U.S. member firm of KPMG International Cooperative. KPMG International’s member firms have 174,000 professionals, including more than 9,000 partners, in 155 countries.
