WASHINGTON, Oct. 22, 2015 /PRNewswire-USNewswire/ -- Washington-based Tax Foundation was named one of six finalists for this year's prestigious $100,000 Templeton Freedom Award for its State Business Tax Climate Index.
"To be the best on the State Business Tax Climate Index, you need a tax system that is simple, neutral, transparent, and stable," said Joseph Henchman, the Tax Foundation's vice president of legal and state projects. "You can't game the index; the only way to move up is to enact good tax policy. This can include various combinations of lower tax rates, less cronyism and picking winners and losers, simplification, greater transparency, and repealing economically destructive taxes or tax components. Our vision is that the tax system doesn't stand in the way of success. No state is there completely, but our index rankings are constantly pushing states to move in that direction."
The Tax Foundation compiles its State Business Tax Climate Index to annually rank the 50 U.S. states across more than 100 tax policy provisions. The Index synthesizes thousands of data points into an easy-to-use score, awarding highest marks to states with simple, neutral, and transparent pro-growth tax climates. Cross-state comparisons prove that excessive tax burdens can make the difference between growth and stagnation. Low rankings grab the attention of governors and legislators who seek out personalized help from Tax Foundation experts in crafting lasting policy solutions.
In the last three years, the Tax Foundation has been instrumental in shaping tax overhauls in North Carolina, Indiana, Ohio, Wisconsin, and several other states.
What: The Tax Foundation's State Business Tax Climate Index named one of six finalists for Atlas Network's prestigious $100,000 Templeton Freedom Award
When: Nov. 12, 2015, 7:30 p.m.
Where: Liberty Forum & Freedom Dinner closing ceremony – Capitale, 130 Bowery, New York, NY 10013 (Bowery and Grand St.)
Press Contact: [email protected] or (202) 449-8441
Awarded since 2004, the Templeton Freedom Award is named for the late investor and philanthropist Sir John Templeton. The award annually honors his legacy by identifying and recognizing the most exceptional and innovative contributions to the understanding of free enterprise, and the public policies that encourage prosperity, innovation, and human fulfillment via free competition. The award is generously supported by Templeton Religion Trust and will be presented during Atlas Network's Liberty Forum & Freedom Dinner gala dinner ceremony Nov. 12, 2015 in New York City. The winning organization will receive a $100,000 prize and the runners-up will receive $5,000.
The 2015 Templeton Freedom Award finalists are:
Acton Institute (Grand Rapids, Mich., United States) — Poverty, Inc.
Center for Dissemination of Economic Knowledge for Freedom (CEDICE Freedom) (Caracas, Venezuela) — Watchdog for Freedom and Democracy Project
Free Market Foundation (FMF) (Johannesburg, South Africa) — Khaya Lam Land Reform Project
Institute for Justice (IJ) (Arlington, Va., United States) — Strategic Research Program
Institute of Public Affairs (Melbourne, Australia) — Repeal the Carbon Tax Campaign
Tax Foundation (Washington, District of Columbia, United States) — State Business Tax Climate Index
About The Tax Foundation
The Tax Foundation is a non-profit, non-partisan tax research organization based in Washington, D.C. It improves lives through tax policy research and education that leads to greater economic growth and opportunity. It sees a world where the tax code doesn't stand in the way of the success of individuals, businesses, and society.
About Atlas Network
Washington-based Atlas Network is a nonprofit organization that strengthens the worldwide freedom movement by connecting 470 independent partners in 96 countries that share the vision of a free, prosperous, and peaceful world where limited governments defend the rule of law, private property, and free markets.
SOURCE Atlas Network