The Supreme Court heard oral arguments yesterday in DaimlerChrysler v. Cuno, a case challenging the validity of tax incentives awarded to DaimlerChrysler by Toledo, Ohio. The Sixth Circuit invalidated the tax credits under the Commerce Clause of the US Constitution. The oral argument received a great deal of press. TaxProf Blog offers a list of links to the press coverage here. Professor Bainbridge offers his take and invites comment on his post, Tax Subsidies.
On another note, you might be interested in a recently released study from the Tax Foundation, a non-partisan organization. The State Business Tax Climate Index identifies the states with the most "'business friendly'" tax systems, and ranks all 50 states. According to the study, the "most business-friendly tax systems are in Wyoming, South Dakota, Alaska, Florida, Nevada, New Hampshire, Texas, Delaware, Montana and Oregon. The least business-friendly tax codes are in New York, New Jersey, Rhode Island, Ohio, Vermont, Maine, Kentucky, Nebraska, Iowa and Arkansas."
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