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.
Shares of Qualcomm (QCOM) fell 4 percent on Tuesday after U.S. regulators charged the company with using anti-competitive tactics over licensing, in yet another regulatory hurdle to its business. The Federal Trade Commission alleges that Qualcomm received high royalties for patented technologies that are "essential to industry standards." That creates in effect, "a tax" on manufacturers that used competing processors, the FTC said. For instance, the FTC statement said, Qualcomm refused to license patents to competing suppliers, and used its exclusive relationship with Apple to keep competitors from getting stronger.
This month the same key zone, which includes Pfizer's 200-day moving average, has proven to be a major roadblock. With Tuesday's nearly 2% drop, Pfizer stock is now off by more than 5% from the January peak and is now well below last week's low. On Nov. 9, Pfizer exploded to the upside after opening the session with a huge gap.