Alaska, in many respects, is a cheaper tax place to do business and should be a very attractive place for companies to locate or expand in.

Alaska has the third best tax system for business in the nation for the second year in a row.

Taxes matter to businesses. How a state taxes business is just as important as how much a state taxes businesses.

If you were to look at Alaska simply with its corporate tax code compared to the rest of the United States, it would rank very poorly because it's a very complicated corporate tax system, very high tax rates, but that is offset and balanced by the fact that Alaska does not have a personal income tax and does not have a sales tax.

States do not enact tax changes in a vacuum. Every tax change will affect a state's competitive position relative to its neighbors, as well as globally.

Americans spent 6 billion hours last year complying with the tax code.