Tax Policies Hurt Arizona's Hot Industries

That is the conclusion of a new study by KPMG on Arizona's business tax policies.

Workers in Arizona's most coveted industries - technology, aerospace and biomedical manufacturing - pay higher taxes than those in states competing for the same types of jobs, a study suggests. Arizona's sales taxes especially take a bigger bite than in cities such as Las Vegas, San Diego and Denver, according to the study presented Monday to Gov. Janet Napolitano's Citizens Finance Review Commission.

But the same study showed that corporate taxes, generally considered high in Arizona and a hurdle to attracting business, are more competitive than believed in most of the targeted industries because of state tax breaks.

Go here to read more.