Cost of Doing BusinessState business taxes below U.S. average - Wisconsin's business taxes are lower than those in 35 other states, based on a new study by the Federal Reserve Bank of Boston that measures more than 15 taxes that can affect corporate profits. Wisconsin tax rates and exemptions Wisconsin unemployment compensation rates remain a bargain - Wisconsin recognizes the importance of containing the cost of labor for companies, and takes pride in its Worker's Compensation Insurance Rate Comparisons - Over the past 11 years Wisconsin's Worker's Compensation Premium Rates have declined by 33%,resulting in over $1 billion in savings. A study conducted in late 1996 by the State of Oregon ranked Wisconsin's Worker's Compensation Premium Rates as the sixth lowest in the nation. Electric Rates - Wisconsin has the 3rd lowest electric rates in the nation. A Milken Institute study called the 2005 Cost-of-Doing-Business Index concluded that it is 6.4% less costly to do business in Wisconsin than the national average. The Index measures wage costs, taxes, electricity costs, and real estate costs for industrial and office space. |
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