Alaska currently has no income or state sales tax. Technology has made it easier for individuals and businesses to move to states--or countries--with lower tax rates, says Joe Henchman, vice president of legal and state projects for the Tax Foundation, a policy research organization based in Washington, D.C. "Everybody is under the gun to be more competitive, whether it's government or the private sector," he says.
Exxon Mobil Corp. is the latest company to expand in Texas’ red-hot Permian basin, announcing a deal Tuesday to buy companies owned by the Bass family for $5.6 billion in stock and up to $1 billion in additional payments. Once a dominant player in the region, Exxon (XOM) is joining other oil firms in a race to build up drilling portfolios in West Texas and New Mexico. With the purchase, newly installed Exxon Chairman and Chief Executive Darren Woods will nearly double the oil and gas the company holds in the area to the equivalent of 6 billion barrels, the company said.
Shares of Qualcomm plunged 4 percent on Tuesday after a report said the company will face a U.S. antitrust case over licensing, in yet another regulatory hurdle to its business. The semiconductors giant could face a suit from U.S. officials for allegedly using "unfair practices in the way it licenses its technology," Bloomberg reported, citing people familiar with the matter. Qualcomm has argued its licensing follows industry standards and are also used by other companies, the report said. Late last month, South Korea's antitrust regulator fined Qualcomm 1.03 trillion won for what it called "unfair business practices," Bloomberg reported. CNBC has reached out to Qualcomm for comment. With Tuesday's