Conducting Business in Oregon
People would go and live in places with lower costs of living. People desire to cut on costs due to the rising costs of living. Oregon is one of the places believed to favor both people and businesses. In this region, sales tax is not charged on goods. Those living in the surrounding states therefore envy this area. Oregon is therefore listed among the best places to have businesses. Other states are looking forward to adapting the type of systems used in Oregon.
Without the sales tax, businesses are able to reduce on costs. If the sales tax is available, businesses will have to increase the price of goods. Items are made more affordable when the sales tax is eliminated as businesses get to spend less on production. Prices of items in Oregon are therefore lower than those in other regions. This has worked well in enabling small businesses coming up to be established. Compared to other regions, businesses in Oregon thrive well.
Businesses in Oregon also have tax incentive programs that are beneficial to them. During these programs, they are taught about ways of improving their tax systems. These aim at reducing on the amount of taxes businesses pay and increasing their involvement in community projects. Businessses therefore get more involved in social responsibility. This has made them more aware of their roles in society. Because there is no constant follow up on the business, they get to be more independent. They also get very low rates for other taxes. Businesses can however apply to get some of these tax obligations removed from them. This stimulates the growth of industries.
There is leniency in the tax systems applied by the state in Oregon. They allow for businesses to freely operate for given time periods without paying tax. This is for businesses coming up and have not reached certain levels of income. This allows businesses sufficient growth time. Money that would be spent to pay tax is therefore injected into the business improving its performance. Businesses also acquire more freedom of operation and are not constantly interfered with by authorities.
Other states need to adapt the Oregonian tax system. This is because it has worked well in ensuring equal growth opportunities for businesses. Businesses operating in Oregon and have branches elsewhere are also allowed to have the tax exemption in their branches. Removal of the sales tax ensures that businesses get to diversify and focus on their development. To enable expansion of industries and boost growth of businesses, states surrounding Oregon have to adapt removal of sales tax. This is one of the steps towards achieving free trade.