Texas cements business-friendly reputation after locking in tax bans

Texas is cementing its reputation as one of the most business-friendly states in America, and now, it’s written into the state's constitution.Voters approved three pro-business tax amendments on Election Day, ensuring that the Lone Star State can never impose taxes on capital gains, estates or inheritances, and certain securities transactions.While Texas doesn't currently levy these taxes, the new constitutional amendments make that tax certainty permanent, sending a signal to investors and corporations that the state’s low-tax structure is here to stay.WHY MAJOR FINANCIAL FIRMS ARE EXPANDING