In Pursuit of Profit
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On July 7, 2017, Washington state Gov. Jay Inslee signed House Bill 2163, providing for a use tax notice and reporting requirement for remote sellers and extending economic nexus to the retailing business and occupation tax (B&O).
If you are a business owner selling products to consumers in a state where you have no physical presence, this case could open your business up to various taxing jurisdictions throughout the U.S. and require you to follow specific guidelines for collecting sales tax or reporting the use tax obligations of purchasers within the taxing jurisdiction.
Oregon lawmakers are considering three corporate tax disclosure bills by the House Revenue Committee. The bills would allow Oregonians to learn how much companies pay in state taxes and how much they receive in tax breaks. The two sides are in conflict with Democrats saying the bills makes an attempt for more transparency, while Republicans question the benefits of additional disclosure..
The Recent 2017-2019 Tax Expenditure Report is available here >