Pioneer Institute Examines Interstate Tax Competition

The Pioneer Institute released a paper examining how increased interstate tax and regulatory competition during the COVID-19 pandemic — which has caused many workers to telecommute — could lead to long-term fiscal and economic problems in Massachusetts as other states “lure major corporations” with tax incentives; the paper concludes that Massachusetts could address the potential exodus of “talented workers” by not imposing further tax increases and fulfilling the needs of “Main Street” businesses and households.