Indiana's tax structure is competitive and is intended to reward investments and business innovation. State and local government levels know the significance in providing the populace equitable services and strong transportation networks while upholding a fair and impartial tax structure.
According to the Tax Foundation's, 2010 State Business Tax Climate Index, Indiana has the 12th most business friendly tax climate. It is also noted that for the year 2010, Indiana ranks 12th overall in the Major Components of the State Business Tax Climate Index. In addition, Indiana scored 5.18 (or a ranking of 21 out of 50) for Corporate Tax Index 2006-2010.
Below are comparisons for doing business in the Midwestern States and Eastern States.
The Total State Business Taxes-
Sum of Corporate State Income Tax, Workers' Compensation and Unemployment Insurance (2010):
Source: State of Indiana Midwestern States-Cost of Doing Business Comparison, August 2010; other major Sources are: U.S. Census Bureau of Labor Statistics; U.S. Department of Labor; Bureau of Economic Analysis