We were in the intermountain west last month, but let’s now take a journey to our nation’s capital. Founded after the American Revolution as the seat of government of the newly independent county, Washington D.C. was named after George Washington, the first president of the United States and a founding father of our nation. As the seat of the United States federal government and several international organizations, Washington is an important world political capital. The city, located on the Potomac River, bordering Maryland and Virginia, is one of the most visited cities in the world, with more than 20 million tourists annually.

For statistical purposes, the District of Columbia is treated as a state-equivalent (and a county-equivalent) by the U.S. Census Bureau. Hence, the District has enacted many laws that are similar to other states. As you’ll see below, it has its own income tax and sales tax rules as well.

Business Climate

Tourism is a leading industry in the District. Aside from many historical landmarks and museums, the District also hosts nearly 200 foreign embassies and international organizations such as the World Bank, the International Monetary Fund (IMF), the Organization of American States, the Inter-American Development Bank, and the Pan American Health Organization.
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