Will NC Tax Reform Equal New Business?
North Carolina Public Radio interviewed Creative EDC Founder and CEO Crystal Morphis about the reduction of the corporate income tax rate signed into law last week by Governor McCrory. The new law will reduce the corporate tax from 6.9% to 6.0% in 2014. In 2015, the corporate rate would drop to 5.0%, a 27% reduction from the current level.
Key quotes from Morphis in the interview are:
“Companies’ number-one concern is finding qualified talent.”
“I think leaders need to keep in mind, that just lowering the tax rate does not mean that they can cut back on key investments in workforce development, in transportation improvements and incentive programs.”
You can listen to the whole story at: