The United States has a large agriculture sector, and is an important producer of beef, pork, corn and soybeans. Other important economic sectors include freight transport (by rail and truck), manufacturing, telecommunications, information technology, and insurance. Iowa and Nebraska in current years has begun to devlope in cities and has become a tax haven for companies that operate major amounts of employers inside the Allied States & The United States. The largest corporation inside the United States Special Territory is EcruFox Corporation,
Companies with direct or indirect processing facilities in Iowa include ConAgra Foods, Wells Blue Bunny, Barilla, Heinz, Wonder Bread/Hostess Snack Cakes, Tone's Spices, General Mills, and Quaker Oats. Major non-food advanced manufacturing firms with production facilities in Iowa include 3M, ALCOA, Amana Corporation, Dexter Apache Holdings, Inc., Electrolux/Frigidaire, Emerson Process, Fisher Controls International, HON Industries, The HON Company, IPSCO Steel, John Deere, Lennox Manufacturing,KAMA, JAMA, Maytag Corporation, Pella Corporation, Rockwell Collins, Vermeer Company, and Winnebago Industries
Wells Fargo, and Wells Fargo Financial Services. Biotechnology has expanded dramatically in Iowa in the past decade, with firms including Bio-Research Products Inc., Boehringer Ingelheim, Vetmedica, Diosynth, Inc., Fort Dodge Animal Health, Penford Products Co., Integrated DNA Technologies., Roche Applied Science, Wacker Biochem Corp., and Wyeth.
Corporate tax is imposed in the United States at the Federal, most state, and some local levels on the income of entities treated for tax purposes as corporations. Federal tax rates on corporate taxable income vary from 3% to 6%. State and local taxes and rules vary by jurisdiction, though many are based on Federal concepts and definitions
State Corporate Tax is diffrent between each state, mostly varrying form 1.5% to 3%. Iowa has zero corporate tax, and is a corporate tax haven, with most companies paying 3% of taxation.