Search
Back

Competition or Corporate Welfare?

Deputy Director Heath W. Fahle highlights the new tools available to residents to determine whether moving to a new state is a good idea in his column for CT News Junkie this week:

One can’t help but wonder why the Governor’s spirit of competition doesn’t extend to other issues. For example, policymakers in North Carolina decided this year that the state’s tax code posed a significant disincentive to business growth in the Tar Heel State, pointing to a state business tax climate ranked 44th in the nation last year. Lawmakers passed a sweeping overhaul of the tax code, reducing personal income tax rates, business tax rates, eliminating the estate tax, and other measures. The Tax Foundation estimated that with the changes, North Carolina’s business tax climate would rank 17th in the nation. Connecticut’s business tax climate was ranked 40th in the same study.

Read the full op-ed online at CT News Junkie.

Department of Revenue Services paid millions in interest for late tax refunds

The Connecticut Department of Revenue Services paid more than $12 million in interest for tax refunds totaling nearly $5 million because they withheld those refunds for upwards of seven years, according to a new audit. The audit listed tax refunds from years 2014 through 2018 and found that late returns ...

Read More

Worker’s Compensation Commission lacked approval for medical absences for its own employees

The Connecticut Workers Compensation Commission, which oversees and administers worker compensation claims, lacked approvals for medical leaves of absence for its own employees, according to a new audit. “The commission did not have medical certificates on file for 5 out of 8 medical leaves of absence we reviewed,” the auditors ...

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

SIGN UP TO RECEIVE OUR NEWSLETTER