EXPANSION
OPPORTUNITIES
ARIZONA:
With Streamlined Regulation and Access to Major World Markets, Arizona is Thriving
A
rizona is strategically located in the southwest region of the U.S., immediately accessible to three of the world’s largest economies: California (#8), Texas (#12), and Mexico (15). In fact, Arizona is the only state in the nation within a day’s drive to all the major world markets.
................................................................................... Arizona offers one of the lowest costs of doing business in the U.S., primarily because of low taxes and small state government. While the national average of per-capita income going to taxes 34 |
BXJ
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OCTOBER/NOVEMBER 2020
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bxjmag.com
is 9.9 percent, here the number is on 8.4 percent. In addition, Arizona’s taxes on property, gas, and personal income remain low compared to the rest of the country. Arizona has made a concerted effort to create a businessfriendly, minimalist regulatory environment. Fundamental changes were made in the administration of Arizona’s transaction privilege tax system. These changes streamline tax collection and eliminate the need for multiple (state and local) tax licenses, tax returns and tax audits. This is a Right-to Work state. Unions cannot require workers to pay dues as a condition of their employment. The financial impact of labor peace and business stability is
