New York v. Florida Business Tax

Florida business taxFlorida’s Chief Financial Officer, Jeff Atwater, has made news in New York State regarding their advertising campaign to entice businesses to build their headquarters in New York.

Florida prides itself on being a business-friendly state. Florida business tax breaks and other policies have been instituted to aid small-businesses in Florida, and Orlando and Tampa, Florida have been named one of the most tax-friendly major cities in the world.

Atwater appeared on Fox News at the end of July stating that New York Governor Andrew Cuomo’s “Start-Up NY” ads were “selling snake oil” and “not telling the rest of the story” about New York’s taxes in comparison to Florida. He also went so far as to compare the tax-free zones in New York to a “quarantined area,” according to the Orlando Business Journal.

Atwater felt that these ads were not properly portraying the state of doing business in New York, and he gives the impression that Florida and Florida business taxes are being made to look bad as a result of the deception. In a letter he wrote to the New York governor, he stated, “These advertisements portray an image of New York that simply cannot be supported by facts, particularly in comparison with Florida.”

Atwater cited flaws such as the fact that New York has a personal income tax of 9 percent compared to Florida, which has no personal income tax.

Additionally, Florida has the beach and warm weather!

If you are interested in starting a business in Florida, then contact Boyer Law Firm, P.L. today.

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