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> What if major corporations say no and leave the state? Which major corporations would you predict are likely to forbid product “sales” in Oregon if this pass
by altairprime 2y ago
> What if major corporations say no and leave the state?
Which major corporations would you predict are likely to forbid product “sales” in Oregon if this passes?
> Initiative Petition 17 would establish a 3% tax on corporations’ sales in Oregon above $25 million
- ttt3ts 2y agoWhat stops them from just charging 3% more? Kinda sounds like an awkward sales tax?
- marcusverus 2y agoIt is a sales tax, they're just pretending that it will be paid by the seller--as though corps will just take a 3% hit on profit margin! The only differences I can see are A) the tax will be obfuscated (i.e. baked into the sales price, or shifted from low-margin to high-margin items), rather than neatly listed as a line item on the receipt, and B) businesses with revenue under 25M are exempt.
- altairprime 2y agoSales taxes are typically a geographic boundary and a product inclusion/exclusion list. The addition of “seller’s annual revenue” may not fit within existing legal definitions (I haven’t checked), and I expect that naming it a “corporate tax” serves various marketing purposes (both for the headline’s author, and for the proposal’s authors).