Why GE Spurned Connecticut for Massachusetts

GE announced earlier this month that it was moving its headquarters to Massachusetts from Connecticut, following a fight over Connecticut's corporate tax structure. "With the move to Massachusetts, GE is moving to a much more favorable tax climate," Nicole Kaeding, an economist from the Tax Foundation, wrote in a Jan. 13 report. In its State Business Tax Climate Index, the Tax Foundation ranks Connecticut 44th and Massachusetts 25th.

The full ranking is displayed below. Wyoming is number one, or most favorable, according to the Tax Foundation. New Jersey earned a 50 based on corporate, income, property, sales and unemployment insurance taxes. The 2016 index includes tax changes in effect as of July 1, 2015, the start of most states' 2016 fiscal year. The bluer a state, the more favorable its tax climate is, according to the Tax Foundation.