January 7, 2009
President of New Hampshire Business Industry Association Pens Column in the New Hampshire Union-Leader, Cites State Business Tax Climate Index
"NH Cannot Tax Businesses Any More Without Doing Harm"
By Jim Roche
Other significant revenue sources from New Hampshire's business community include the unemployment insurance tax, communications tax, insurance premium tax and rooms and meals tax. Some studies even suggest New Hampshire's business tax climate is among the worst in the country. A recent analysis from the Tax Foundation noted specifically that New Hampshire's poorest-in-the-nation ranking was due to our high BPT rate combined with the BET, a business tax unique to New Hampshire. A reasonable person can disagree with this ranking, but one thing is clear—New Hampshire businesses are already providing more than their fair share of government tax revenue.
