For employers, the most significant changes will be a reduction in corporate, individual and unemployment insurance taxes
, which will provide at least $100 million in savings.
These investigations have led to the recovery of about $2.4 million in fines on Unemployment Insurance taxes
owed for 7,100 unclaimed workers.
CONCORD: A 1.5 percent reduction in New Hampshire employers' unemployment insurance taxes
has taken effect Gov- Chris Sununu and Department of Employment Security Commissioner George Copadis have announced.
Furthermore, businesses operating in the shadow economy avoid payments to social security systems (e.g., they don't pay unemployment insurance taxes
), thereby threatening the overall stability of programs built upon these systems.
The largest single bill, $5,304, is owed by the Missouri Times to the Missouri Department of Labor, Division of Employment Security, for unpaid unemployment insurance taxes
covering the period between April 1, 2014 to June 30, 2015.
The Oregon Supreme Court ruled last week that a Portland taxicab company must pay unemployment insurance taxes
for certain drivers because they were improperly classified as independent contractors, the Associated Press reported.
Also ranked are unemployment insurance taxes
(45th), corporate tax (4th best), the individual income tax (49th), the sales tax (38th), and property taxes (45th).
On average, unemployment insurance taxes
will decline to 2.76 percent from 3 percent, reflecting a drop in the number of claims for jobless benefits and a reduction in the duration of the period for which they're paid.
"Despite moderate corporate taxes, New York scores at the bottom this year by having the worst individual income tax, the sixth-worst unemployment insurance taxes
and the sixth-worst property taxes," the Tax Foundation said in its analysis.
The program, which is administered by the state, is paid for through a surcharge on employer unemployment insurance taxes
Businesses in at least 35 states will have to pay more in unemployment insurance taxes
this year, with the median increase of unemployment insurance tax at 27.5 percent.