Sponsored by Forest Grove Economic Development
Home Back Issues May 2006 Taxes: a lighter burden than most states

Taxes: a lighter burden than most states

| Print |  Email
Archives - May 2006
Monday, May 01, 2006

STATEWIDE — A recent study by accounting giant Ernst & Young indicates that Oregon companies have little to complain about when it comes to their tax burden. In fact, the state ranks near the bottom when it comes to business’ overall share of state taxes.

“It should make Oregon more attractive,” poses Tom Neubig, E&Y’s national director of quantitative economics and statistics. While the study found that, nationwide, businesses paid 48% of the entire increase in state and local taxes from 2002 to 2005, the business share of tax revenue growth in Oregon was just 36%. Businesses also escape a sales tax in Oregon which often collects as much as 40% from corporate purchases.

But Neubig also points out that while Oregon lets big business off relatively easy, sole proprieters and partnerships are hit by an emphasis on individual income tax, contributing 9% to the overall business tax burden compared to an average of 4% nationwide. “Not having a sales tax means there’s more taxes paid by households,” he says, “but it also falls on the owners of businesses.”

— Christina Williams

State and local business taxes as a percentage of gross state product
TOP FIVE
Wyoming 9.6%
Alaska 9.3%
North Dakota 6.6%
West Virginia 6.6%
New Mexico 6.3%
BOTTOM FIVE
Delaware 3.7%
North Carolina 3.7%
Virginia 3.7%
Oregon 3.8%
Connecticut 3.9%
Business tax map
Have an opinion? This e-mail address is being protected from spambots. You need JavaScript enabled to view it
 

More Articles

Understanding Oregon medical marijuana dispensary tenants

News
Friday, June 13, 2014
061314 thumb grassrentBY CLIFF HOCKLEY | OB GUEST BLOGGER

This article summarizes the key considerations a building owner must keep in mind when thinking about leasing to a medical marijuana dispensary.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

Why I became an Oregon angel investor

Guest Blog
Monday, July 14, 2014
AngelInvestBY TERRY "STARBUCKER" ST. MARIE

I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.


Read more...

The global challenge

News
Friday, June 27, 2014
062714 thumb globalmarketBY JASON NORRIS | OB BLOGGER

Over the last several months we have seen a wave of cross-border acquisitions, primarily U.S.-based companies looking to purchase non-U.S.-based companies. There are a few reasons for this, but the main culprit is the U.S. corporate tax system. The United States has one of the highest corporate tax rates in the world.


Read more...

Updated: Disrupting innovation

News
Tuesday, July 08, 2014
070814 thumb disputive-innovationBY LINDA BAKER  | OB EDITOR

The New Yorker recently published a sharply worded critique of “disruptive innovation,” one of the most widely cited theories in the business world today. The article raises questions about the descriptive value of disruption and innovation  — whether the terms are mere buzzwords or actually explain today's extraordinarily complex and fast changing business environment. 

Update: We caught up with Portland's Thomas Thurston, who shared his data driven take on the disruption controversy.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS