No Corporate Income Tax States: Benefits of Forex Trading

5 min read


The increasing trend of states to eliminate the corporate income tax is gaining traction across the United States. States such as Texas, Washington, and Nevada have abolished the corporate income tax completely, giving businesses a cost-effective option to relocate to these areas. Not only do these states offer large tax savings to businesses, they open up new opportunities for entrepreneurs to start or grow their business. With the abolishment of the corporate income tax, businesses benefit from lower operating costs, which can be used to reinvest in growing their businesses and creating jobs in their communities. Furthermore, these no corporate income tax states may offer larger incentives and more flexible regulations for businesses looking to move or start up in that state.