Tax Intelligence – May 2010
Attached is the most recent monthly Tax Intelligence provided to our clients. The
communication discusses the current economic recession and the significant pressure
it has placed on the unemployment insurance (UI) system as states provide increased
unemployment benefits to former employees for longer periods of time. Consequently, employers
have been challenged with increased 2010 state UI tax rates despite efforts
to control costs. Based on the economic data and historical trends, employers should expect
significant unemployment tax rate increases in 2011.
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